Home » #1 MISTAKE BUYERS MAKE

Buyers Assume a Licensee

 

IS or CAN BE their buyer’s agent!

 

BUYERS ARE NEVER REPRESENTED BY THE SELLER’S AGENT.

 

Buyers assume the person they contact about a property represents them as their buyers agent.   Some sellers agents tell the buyers they can be their buyers agent.

The State of Florida assumes ALL real estate buyers know ALL real estate brokers and their associates are Transaction Brokers or Transaction “Associates” who DO NOT represent the buyers exclusively.   Transaction Brokers and their associates can never give the buyers undivided loyalty, confidentiality or exclusive representation.  Many large firms do not allow their associates to be buyer agents.

An exclusive buyer broker or exclusive buyers agent who chooses to represent only the buyer must make written disclosure to the buyer.  When the broker will be acting exclusively in the buyers best interest they are working as a “Single Agent.”  A buyers agent who is a ” single agent” will only represent the buyers side of the purchase transaction.

“Single Agency” means the broker will represent either the buyers or the sellers, but never both in the same transaction.  You can view my “Single Agent Disclosure” form on the menu bar of this website.  The Fiduciary Duties owed to  buyers by Florida Buyer Broker are listed below.

Florida Buyer Broker does NOT require a buyer broker contract or buyer broker agreement from the buyers.  Other real estate firms may.  We count on the quality of our service, expertise, integrity and experience to retain our buyer client loyalty.

A buyer broker contract or agreement (not used by Florida Buyer Broker) obligates the buyers to pay the broker any balance of commission the buyers broker does not receive from the shared commission offered by the seller agents in the MLS, by the builder or developer to the buyer broker office.

Florida Buyer Broker accepts the compensation offered in the MLS  by the sellers agents, builders and developers to buyer brokers as the total compensation in the real estate transaction. 

Only an exclusive buyer broker can legally assure the buyer they will negotiate for the lowest price and best terms for the buyer. The exclusive buyer broker must keep the buyers financial status and motivation confidential.
   Florida Buyer Broker is an “Exclusive” Buyer Brokerage.  The word Exclusive used with Buyer Broker means the brokerage never represents sellers.  There is never a conflict of interest between the buyers and the sellers.  REALTORS® designate exclusive buyer brokers or a buyers agents with the initials EBA which means Exclusive Buyer Agency.

Other agents and brokers are confident when they know the buyers are professionally guided by the high standard of services provide by Beverly Howe, CIPS, GRI, ABR, TRC, MCNE, EBA, SRES, ACCRS, 1031 Exchange specialist, Owner – Exclusive Buyer Broker for Florida Buyer Broker.

Beverly serves Lee and Collier Counties and is the exclusive buyer broker who will personally be helping you.  You will not be passed off to a buyer assistant, buyer specialist or another buyers agent.  Real estate teams often use the word buyers agent to describe a team member of the seller’s agent who shows the buyer a property but does not actually represent the buyer exclusively.

When you choose Florida Buyer Broker to assist you with your home or condominium property purchase, you will arrive at your decision based upon precise information and accurate answers to your questions.  Your real estate purchase transaction will be as smooth and worry free as possible.

It does NOT cost you more to obtain the specialized services of Florida  Buyer Broker.  Buyer Broker commissions, like all other cooperating broker and agent commissions ARE paid by the shared real estate commission already built into all REALTOR® listings provide in the MLS, foreclosures, REOs, new construction, developments & auctions.  

Florida Buyer Broker’s REALTOR® brokerage relationship is always exclusive to “Single Agency.”  My buyer principles receive undivided loyalty throughout the real estate transaction.

These are the Fiduciary Duties required by Florida Law for a brokerage which provides Single Agency Relationships:

Skill Care and Diligence: A buyers agent is required to perform with a higher standard of care concerning the buyer/client.  
Obedience:  A buyers agent  is obligated to obey promptly and efficiently all lawful instructions on behalf of the buyer/client.
Loyalty: A buyers agent is obligated to act at all times solely in the best interest of the buyer/client, to the exclusion of all other interest including his/her own.
Dealing honestly and fairly.
Full Disclosure: All facts about the property and seller, pertaining to the buyers decision to purchase property, must be disclosed.
Accounting: A buyers agent must account for all entrusted funds.
Confidentiality: A buyers agent must withhold the financial status of the buyer from the seller and his agent, unless directed otherwise by the buyer.
Reasonable Care and Diligence: A buyers agent is required to perform with a higher standard of care concerning the buyer/client.   
Disclosing all know facts that materially affect the value of the residential real property which are not readily observable.

Want to know more see Florida Statues 475.278  OR Real Estate Buyer Agency Definitions

 CONTACT BEVERLY AND GET PREPARED TO BUY WITH THE  Buyer’s Advantage FROM Florida Buyer Broker

Other REALTORS® have confidence in buyers who obtain the services of Florida Buyer Broker.   

There is  NO additional cost to obtain my exclusive buyer broker services! 

Beverly Howe has served Southwest Florida real estate buyers in Naples, Cape Coral, Fort Myers, Fort Myers Beach, Bonita Springs, Bonita Beach, Estero, Ave Maria Florida and the surrounding areas with Integrity, Loyalty, Honesty, Skill and Expertise since 1981

Beverly Howe, Owner/Broker, ABR, GRI, TRC, CIPS, MCNE, SRES, ACCRS

  1031 Exchange Specialist – Graduate Institute of Luxury Home Marketing –  ILHM

I am friendly and easy to talk to.  Phone calls are the best way to contact me. 

Please leave a message if I do not answer.  I will return your call ASAP.

Toll Free:  1-800-283-7393 US & Canada
Best Local Direct: 1-239-601-2013

broker@floridabuyerbroker.com

 “The Original”

Florida Buyer Broker

http://www.FloridaBuyerBroker.com

 

 

 

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