Tutas Towne Realty, Inc 407-870-9003
Transaction Brokerage
But I'm representing the transaction. NOT!!!
I have heard that so many times, I thought I best try and clarify, what being a "Transaction Broker" means. In Florida all Realtors are presumed to be "Transaction Brokers" unless disclosed differently. Personally, I think this was a great change in how we as Realtors are able to "represent" our customers. There I said it "represent our customers." Yes, folks "Transaction Brokerage" IS a type of representation.
This seems to be the biggest misunderstanding amongst Realtors and the general public alike. Let me repeat it again, so all Florida Realtors that are reading this post will get it, "Transaction Brokerage" is a type of representation to our customers. AND. You are NOT representing the transaction, EVER.
A "Transaction Brokerage Relationship" is a limited form of representation. With limited liability(for Realtor and customer) and limited confidentiality. You can be a "Transaction Broker" for either Seller or Buyer or BOTH. If you are a "Transaction Broker" for both parties it cannot be to the detriment of either party. A Seller or Buyer is your customer, not a client, EVER.
Also, if you take a listing as a "Transaction Broker" you are able and expected to represent your customer's interest. If the Buyer has a Realtor, you are not in any way representing that Buyer or the Transaction. Your duties are to your Seller. If the Buyer's Realtor is working for his Buyer as a "TB" his duty is to look out for his Buyer's interest. NOT THE TRANSACTION. Sorry for being so repetitive with this but I'm so tired of hearing from Realtors that they are representing the transaction. We are supposed to be professionals. Understanding your relationship with your customer or client is essential if you are going to do your job properly.
So in summary:
1. "Transaction Broker" is a type of representation, albeit limited.
2. You do not represent the transaction. EVER
3. Your Buyer or Seller is a customer, not a client.
4. Unless you have a Single Agent relationship you are a Realtor, associate, salesperson, broker or broker associate not an Agent.
5. All State laws vary when it comes to "Agency." This post relates to Florida law.
I have heard that so many times, I thought I best try and clarify, what being a "Transaction Broker" means. In Florida all Realtors are presumed to be "Transaction Brokers" unless disclosed differently. Personally, I think this was a great change in how we as Realtors are able to "represent" our customers. There I said it "represent our customers." Yes, folks "Transaction Brokerage" IS a type of representation.
This seems to be the biggest misunderstanding amongst Realtors and the general public alike. Let me repeat it again, so all Florida Realtors that are reading this post will get it, "Transaction Brokerage" is a type of representation to our customers. AND. You are NOT representing the transaction, EVER.
A "Transaction Brokerage Relationship" is a limited form of representation. With limited liability(for Realtor and customer) and limited confidentiality. You can be a "Transaction Broker" for either Seller or Buyer or BOTH. If you are a "Transaction Broker" for both parties it cannot be to the detriment of either party. A Seller or Buyer is your customer, not a client, EVER.
Also, if you take a listing as a "Transaction Broker" you are able and expected to represent your customer's interest. If the Buyer has a Realtor, you are not in any way representing that Buyer or the Transaction. Your duties are to your Seller. If the Buyer's Realtor is working for his Buyer as a "TB" his duty is to look out for his Buyer's interest. NOT THE TRANSACTION. Sorry for being so repetitive with this but I'm so tired of hearing from Realtors that they are representing the transaction. We are supposed to be professionals. Understanding your relationship with your customer or client is essential if you are going to do your job properly.
So in summary:
1. "Transaction Broker" is a type of representation, albeit limited.
2. You do not represent the transaction. EVER
3. Your Buyer or Seller is a customer, not a client.
4. Unless you have a Single Agent relationship you are a Realtor, associate, salesperson, broker or broker associate not an Agent.
5. All State laws vary when it comes to "Agency." This post relates to Florida law.
Views: 2
Tags: training
Comment
Agent Opportunities
100% Commission!
You do all the work. Why not keep all the money?
Tutas Towne Realty is now hiring. That's right....we are looking for experienced REALTORS® who are ready for a change. Are you? If you are this is what we are looking for:
1. Full time and experienced REALTORS(R).
2. Internet savvy. Computer, email, cell phone and fax capabilities are a must.
3. Able to work from a virtual office.
4. Strong communication skills.
5. Good understanding of real estate laws and our REALTOR® CoE.
6. A sense of humor!!!
$195 a month plus $295 per transaction
If you can bring these attributes to the table I will provide you:
1. Direct Broker access Mon-Sat 9am to 6pm.
2. Company website with personal blog.
3. Individual advanced training and coaching as needed.
4. Free E&O Insurance.
$195 a month plus $295 per transaction
My job as your Broker will be to help you succeed in any way I can. I will use my 17 years of experience and knowledge to help you become the best REALTOR® you can be. All I ask, from you, is a sincere desire to help folks with their real estate needs and complete honesty and ethics in all of your dealings. If this opportunity interest you, please send me an email to BrokerBryant@gmail.com
I'll Look forward to hearing from you.
COME ON DOWN TO TUTAS TOWNE!!!
$195 a month plus $295 per transaction
CONTACT INFORMATION
This site is owned and operated by
Tutas Towne Realty, Inc
Bryant Tutas
Broker of Record
A Licensed Florida Real Estate Brokerage
407-873-2747
628 Grand Canal Dr
Poinciana FL 34759
.
Badge
Videos
© 2012 Created by Bryant Tutas.
Powered by
You need to be a member of TTRealtyNet to add comments!
Join TTRealtyNet