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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Thu, 17 Feb 2005 03:37:36 GMT
/ Author of the message: "Tyrone" |
Title of the message: |
Re: Transaction broker / transaction agent?
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Text of the message: |
"homan4" <homan4@cox.net> wrote in message news:YNNQd.149392$Jk5.102277@lakeread01... > I am licensed in NY and now in Florida. > > In NY Brokers operate under a strict agency (fiduciary) responsibility to > either buyer or seller. Agents from other companies operate as "sub agents" > of the listing broker unless they have a buyer's brokerage agreement in > place. > > The real estate school that taught the class in Florida explained that with > the very rare exception of a buyer's agency agreement, no fiduciary > agreements are used in the state. The reason for this was explained to us > as with a fiduciary relationship, the seller is liable for the agents' > actions. Coming from NY I call this bogus because the question that is > always asked in litigation is "who is the deep pocket?" In NY it turns out > the broker is. > > My view of the so called transaction brokerage and non representative agency |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.