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Know What Type of Agent You're Getting

No two REALTORS are the same. That is true for any profession. But, when it comes to real estate agents, do you know the type of REALTOR you are signing on with? In Florida, there are two types of agents; a Single Agent and a Transaction Agent. Knowing the difference could save you money and frustration.


A Single Agent is defined by Florida Statutes Chapter 475, Part I as a broker who represents either the buyer or seller of real estate, but not both in the same transaction. It is the highest form, providing the most confidence to the customer that the Realtor represents only the customer's interest.


The duties of a Single Agent that must be fully described and disclosed in writing to a buyer or seller in agreements for representation include the following:

  • Dealing honestly and fairly

  • Loyalty

  • Confidentiality

  • Obedience

  • Full disclosure

  • Accounting for all funds

  • Skill, care, and diligence in the transaction

  • Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing

  • Disclosing all known facts that materially affect the value of residential real property and are not readily observable


*Disclosure of these duties must be made before or during entrance into a listing/representation agreement, or before the showing of property.



A Transaction Broker is defined as a broker who provides limited representation to a buyer, a seller or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a single agent. In a real estate transaction using a transaction broker, the buyer or seller are not responsible for the acts of a licensee, and both parties give up their rights to the undivided loyalty of a licensee. This kind of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller; providing however, that a licensee should never work to represent one party to the detriment of the other party when acting as a transaction broker to both parties. The duties of the Transaction Broker include the following:

  • Dealing honestly and fairly

  • Accounting for all funds

  • Using skill, care, and diligence in the transaction

  • Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer

  • Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing

  • Limited confidentiality, unless waived in writing by a party, that prevents disclosure of the motivation of any party for selling or buying property, any party's willingness to agree to financing terms other than those offered, or of any other information requested to remain confidential

  • Any additional duties that are mutually agreed to with a party

When choosing a REALTOR®, know which you are signing with. Talk to your agent about both types of representation. Still have questions? We would be happy to answer any questions you may have! Selling your home is stressful, we can help take some of that stress away! Call today! 941-363-6376



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