Choosing a Realtor

[mmgwhite]

What is the name of your state? FLorida
What are the advantages/disadvantages in choosing a "single agent" vs a "transaction broker" when signing an exclusive right of sale listing agreement.
I have a tract of raw land to sell and am not certain which is best for me in perusing the contract.

[seniorjudge]

Originally Posted by mmgwhite

What is the name of your state? FLorida
What are the advantages/disadvantages in choosing a "single agent" vs a "transaction broker" when signing an exclusive right of sale listing agreement.
I have a tract of raw land to sell and am not certain which is best for me in perusing the contract.

Personally, I prefer a single agent because they are working for you alone.


Stand by for other opinions....

[HomeGuru]

Originally Posted by mmgwhite

What is the name of your state? FLorida
What are the advantages/disadvantages in choosing a "single agent" vs a "transaction broker" when signing an exclusive right of sale listing agreement.
I have a tract of raw land to sell and am not certain which is best for me in perusing the contract.

**A: just for clarification purposes, plese explain the difference between the two.

[mmgwhite]

Florida
As I understand it, a single agent contract makes the agent work exclusively for the seller (or buyer as the case may be) and a transaction broker can represent either/or at the same time. And, that if originally hired as a single agent, can transition to assist both buyer and seller with written permission.
What I am wondering is will I be setting up any sort of impediment to my broker by requiring single agent status?

[HomeGuru]

Originally Posted by mmgwhite

Florida
As I understand it, a single agent contract makes the agent work exclusively for the seller (or buyer as the case may be) and a transaction broker can represent either/or at the same time. And, that if originally hired as a single agent, can transition to assist both buyer and seller with written permission.
What I am wondering is will I be setting up any sort of impediment to my broker by requiring single agent status?

**A: there actually would be no difference in the two since the terms and conditions in the exclusive right to sell agreement would be the same. Essentially the lisitng broker is your broker and works only for you. Now, you can prevent a problem with dual agency by specifically preventing the broker from dual agency up front and in writing as a condition of the contract.

[seniorjudge]

Originally Posted by HomeGuru

**A: there actually would be no difference in the two since the terms and conditions in the exclusive right to sell agreement would be the same. Essentially the lisitng broker is your broker and works only for you. Now, you can prevent a problem with dual agency by specifically preventing the broker from dual agency up front and in writing as a condition of the contract.

Good thinking.

[HomeGuru]

Originally Posted by seniorjudge

Good thinking.

**A: just thinking good.

[seniorjudge]

Originally Posted by HomeGuru

**A: there actually would be no difference in the two since the terms and conditions in the exclusive right to sell agreement would be the same. Essentially the lisitng broker is your broker and works only for you. Now, you can prevent a problem with dual agency by specifically preventing the broker from dual agency up front and in writing as a condition of the contract.

This is really a nitpicker here, but if you did all this, wouldn't it be a "single agent" then instead of a "transaction broker"?

Why would there be two different terms if there were no difference in them?

I am just asking about terminology (which, probably, doesn't really make much difference).