Never ever hire a "Transaction Broker." Always insist on a "Single Agent" fiduciary as someone to actually represent YOU.
- When you hire a Lawyer, you expect him/her to exclusively represent your best interests.
- When you hire a Financial Planner/Adviser, you expect him/her to exclusively represent your best interests.
- When you hire a Doctor, you expect him/her to exclusively represent your best interests.
- Shouldn't the same be true when you hire a Real Estate professional? You do & should expect him/her to exclusively represent your best interests in one of the single-largest financial transactions most people ever make (their homes)! You may be shocked to learn that any assumption of "automatic" exclusive, fiduciary representation in Florida real estate as being "the norm" is totally & completely wrong. Why? . . . because it is untrue and nobody ever told you . . . until now.
It does not go without saying, and so must be said, Only a "single agent" can legally provide you with the fiduciary representation you expect, want and need.
- In 2016 less than 8.5% of all home sales in Palm Beach County actually had an exclusive agent/broker with fiduciary responsibility to the seller to protect the seller's interests and strive for the most beneficial outcome for the seller. True! That means nearly 92% of those "customers" did not have any exclusive fiduciary representation (anyone looking out for their best interest) . . . probably never knowing their agent was not working exclusively for them. Florida law, surprisingly does not require a non-fiduciary agent to disclose the severely limited relationship they recommend to the public. They are called "Transaction Agents" which makes the you a "Customer" NOT a "Client."
- We have prepared a detailed white paper report outlining the factual details of Florida Statute 475.278 which specifically addresses statutory real estate representation under Florida Law. It's available free for the asking. But, of course, you have to ask.
The Palm Beaches Team only represents "clients" as their fiduciary "Single Agent" . . . never as just a transaction broker.
Never hire a "Transaction Broker." Ever.
Always insist on a "Single Agent" fiduciary to represent you exclusively.