MYTH: All Realtors acting as Buyer’s Agents act in the same capacity.
REALITY: Nothing can be further from the truth. Most Realtors today act as Transaction Agents, meaning that they are agents of the transaction, having no fiduciary relationship to the Buyer. Transaction agents do not operate in a capacity to talk value, pricing, or buying/negotiating strategy. On the other hand, a Realtor acting as a Single Agent has a fiduciary relationship with the buyer, has all the duties of a Transaction Agent with some important additions: Loyalty, Confidentiality, Obedience, and Full Disclosure.
A Single Agent for a Buyer has a fiduciary relationship with the client, and has the right to talk about the value of home before an
offer is written, having input on the buyer strategy, and can let the Buyer know if they are overpaying. Did you know this? Did you even know what your agency relationship is with your listing or buying agent? Florida Law presumes that all agents are Transaction Agents unless we disclose otherwise. At Tampa Home Group, we provide the highest level of service possible to our clients...we choose to act as Single Agents when we represent our Buyers and Sellers, and we take the time to explain our relationship to you.
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