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Florida law allows
real estate licensees to provide two types of representation to
buyers and sellers of real estate.
1.. Transaction Broker-A real estate licensee who will give you
limited representation. A transaction broker owes the same
loyalty to both the buyer and the seller, and must not favor one
over the other. When you work with the agent who listed a
property, that agent will usually be a transaction broker.
2. Single Agent. A real estate licensee who represents only one
party in a transaction. A single agent who represents only the
buyer is a buyer's agent or buyer's broker. The buyer's broker
must, at all times, represent only the buyer and must attempt to
obtain the best price and terms for the buyer only. A buyer's
broker is usually paid from the SELLER'S funds. |
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