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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Sat, 19 Feb 2005 11:35:41 -0600
/ Author of the message: Casey |
Title of the message: |
Re: Transaction broker / transaction agent?
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Text of the message: |
wprien said > I am certainly intrigued by this question. Perhaps someone in FL could > clarify the situation? I would immagine that a fiduciary duty is > implied rather than written in some way. If the agent/broker is paid a > commission from the seller, that must surely imply that a fiduciary > duty to the seller exists, does it not? No, it doesn't imply that at all. The presence of a commission does not in itself indicate the type of agency relationship provided. In Florida, the agency relationship can either be a) single agent with full fiduciary duties, b) transaction broker with a more limited non- fiduciary relationship, or c) no broker relationship. The type of agency relationship must be fully disclosed to the customer. A transaction broker can represent both parties of the transaction, while a single agent cannot. A single agent works *for* a client - a transaction broker works *with* customers. |
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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.