Most real estate agents in the state of Florida are transaction brokers. Realtors assists buyers, sellers or both throughout the transaction in a limited way with no fiduciary responsibility. Realtors may not represent one party to the detriment of the other.
As a transaction broker, Pine Island Realty and its Associates, provides a limited form of representation that includes the following duties:
1. Dealing honestly and fairly.
2. Accounting for all funds.
3. Using skill, care, and diligence in the transaction.
4. Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer.
5. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing.
6. Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential.
7. Any additional duties that are entered into by this or by separate written agreement.
Limited representation means that a buyer or seller is not responsible for the acts of the licensee. Additionally, parties are giving up their rights to the undivided loyalty of the licensee. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller, but a licensee will not work to represent one party to the detriment of the other party when acting as a transaction broker to both parties.
It's a great time to buy real estate! Take advantage of historically low interest rates, affordable housing prices and good inventory choices.
Call "Pine Island Pam" today to start your buying process. It's time you start living the island lifestyle! Our Creative Coast here in SW Florida is calling you to check out the Greater Pine Island communities of Bokeelia, Pineland, Pine Island Center, St James City and Matlacha.
Contact me at (239) 699-6567 or Pam@PineIslandPam.com. Visit my website at www.PineIslandPam.com.
Posted via OnFast - http://www.OnFast.com
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