Back to INVESTMENT Buyer Representation Page
Florida Law specificially requires that Real Estate Licensees provide this Notice to All Potential
Buyers and Sellers Before any Real Estate Agents  - Show or List Any Property

You should not assume that any real estate broker or salesperson represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker. You are advised not to disclose any information you want to be held in confidence until you make a decision on representation.

Buyers Broker- (Single Agent)  A prospective buyer contracts with a buyers broker under a single agency agreement. A Buyer's Broker is legally bound to act in best interest of the client and their interests only.
The Buyer's Broker's fee is paid by the seller and not you. A Buyer's Broker is in a much stronger negotiating position, which typically results in a lower purchase price. You and your agent work together exclusively.


Single Agent
Notice- Florida Law requires that Real Estate Licensees operating as Single Agents disclose to Buyers and Sellers their duties. As a Single Agent, (   ) and it's associates owe to you the following duties:
1- Dealing honestly and fairly
2-
Loyalty
3-
Confidentiality
4-
Obedience
5-
Full Disclosure
6- Accounting of all funds
7- Skill, care and diligence in the transaction
8- Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing
9- Disclosing all known facts that materially affect the value of residential real property and are not readily observable

Transaction Broker Notice- Florida Law requires that Real Estate Licensees operating as Transaction Brokers disclose to Buyers and Sellers their role and duties in providing a limited form of representation. As a transaction Broker, (  ) and it's associates, provides to you 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 the 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.

Non Representation - Buyers have the option not to be represented by a Real Estate Agent.

Buyers Beware- When you call on a yard sign and speak to the listing agent, remember, they are representing the Seller and NOT YOU. Don't reveal personal or financial information to the listing agent or the seller. Aways conceal your excitement when you fall in love with a home. This, and the maximum price you can pay, is for you alone to know. Show some interest in each home you're shown which has desirable features. Then, when the right one comes along you won't blatantly telegraph your true degree of interest.  It's suggested you use an exclusive Buyers Broker...an agent whose exclusive loyalty and skills are used on your behalf. As unfair as it seems, in most typical home purchases, the only one NOT represented is YOU... the buyer.

The Buyer's Broker's fee is paid by the seller and not You. The Buyers Broker Agent is compensated by sharing the commission that the seller has agreed to pay their listing agent. The buyer can receive representation at no additional cost to themselves. In the case of New Homes, the Sales Agents in the Model Homes are highly trained representatives for the Builder and not You. You can work with those Agents and still have someone on your side! Your Buyers Broker Agent will look out for your best interests. Even though the Broker is compensated by a seller or agent working with a seller, such compensation does not compromise Brokers duties to the Buyer.

Buyers Broker- (Single Agent)  A prospective buyer contracts with a buyers broker under a single agency agreement. A Buyer's Broker is legally bound to act in best interest of the client and their interests only.
The Buyer's Broker's fee is paid by the seller and not you. A Buyer's Broker is in a much stronger negotiating position, which typically results in a lower purchase price. You and your agent work together exclusively.

As your Buyers Broker:
1- Buyer should be Pre-Qualified or agrees to make a mortgage application with a lender. Broker will assist in searching for the best loan programs and will relay the information to the Buyer. We can then focus our search to properties that are within your actual financial parameters.

2- We will devote the time, effort and expense of helping you find the right property. Buyers sole obligation is to make any Purchase Offer on any real estate through Charles Rutenberg Realty, Inc. however, the Buyer is not obligated to buy any real estate.

Back to INVESTMENT Buyer Representation Page




©2000 -2005 The Top Team All Rights Reserved. No Duplication Permitted