"Limited representation means that a buyer or seller is not responsible for the acts of the licensee. Additionally, parties are giving up their rights to the undivided loyalty of the licensee. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller, but a licensee will not work to represent one party to the detriment of the other party when acting as a transaction broker to both parties."

Transaction Broker Notice

Services

There are certain things ALL agents MUST do for a buyer as a Transaction Broker:

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 counter-offers in a timely manner
Limited confidentiality, unless waived in writing by a party

The additional services you receive by entering into a buyer broker agreement with an agent are:

Loyalty
Confidentiality
Obedience
Full disclosure

NAVIGATING THE NABOR OFFER TO PURCHASE AND YOUR BUYER AGREEMENT OPTIONS

Every Buyer should understand the process of purchasing a property under a Buyer Broker Agreement or a Transaction Broker Agreement

Did you know that in the State of Florida, if you do not have a signed BUYER BROKER AGREEMENT with your agent, the default relationship between a Buyer and Broker is a Transaction Broker?

Buyer Broker Agreement

Transaction Broker Notice

Why Use a Buyer Broker?

Every Buyer should be afforded the opportunity to have an advocate in the purchase of a home

Every Buyer is now required to have a signed agreement with their real estate agent to view properties.

Powers Realty Group, Inc. is committed to ensuring that you are well-informed throughout your real estate journey.

Buyer Consultation

Setting the tone for negotiations in your real estate purchase

At Powers Realty Group we believe that every good customer relationship should start with a meeting. So, we strongly suggest your home purchasing journey with us begins with an initial buyer consultation in person.

It is very important to us that you understand the buying process and your agency relationship with your broker, before we ever show you a home.

The process has changed over time, so even seasoned buyers and investors will find this initial meeting very educational on the process. It is a critical step in setting the tone for your real estate negotiations.

Offer to Purchase

Negotiations at Powers Realty Group

The Offer to Purchase has been recently revised. Understanding the new Broker Agreements is in your best interest to identify details when purchasing a home that you may not fully understand without reviewing the contracts first.

Buying an older home in Marco Island? You may need the advice of your Buyer Broker to help you navigate the home’s history or new sea wall regulations.

If you are a relocating home buyer, having an advocate in your process may be a critical choice as you make one of the most significant investments of your lifetime. Make sure you have a sit-down meeting with your real estate agent before you begin the process of buying your home.

What is THE BUYER BROKER AGREEMENT?

A Buyer Broker Agreement is a contract that a buyer signs with a broker to be the exclusive agent for a buyer’s property search

In order for the broker to be able to give opinions or advice in writing on offers and negotiations, there needs to be a signed buyer broker agreement. The Broker, in this capacity, works as the buyer’s fiduciary in the transaction.

NOTE: Without the Buyer Broker agreement, the agent owes allegiance to the transaction.

Buyer Broker Agreement

Suzanne's Proven Process Gets Results!

We hope this provided insight for you in the pursuit of your real estate in SW Florida. Powers Realty Group is here to help assist you with any questions you may have regarding the purchase of real estate. Please feel free to reach out us with any questions.

CONTACT SUZANNE

RECENT BLOG POSTS ON Home Buying

Real Estate Perspectives

February 08, 2025 | Suzanne Powers

30 Days After the Sitzer vs. Burnett Lawsuit

Real Estate Perspectives

February 06, 2025 | Suzanne Powers

NAR Settlement: Understanding the Impact on Real Estate Compensation

Real Estate Perspectives

February 05, 2025 | Suzanne Powers

5 Key Reasons Buyers Are Not Purchasing Your Home!

VIEW ALL BLOGS

Buying a Home?

At Powers Realty Group, we understand that Purchasing a Home is one of the Most Significant Financial Decisions a person can make

LET US HELP

Florida's
Boutique Broker ^®

POWERS REALTY GROUP OFFICE LOCATIONS

Powers Realty Group, Inc. - Naples / Marco Island

780 Fifth Avenue South, Suite #200
Naples, FL 34102

powersrealtyfl.com

239.261.9131

Powers Realty Group, Inc. - Milwaukee

4214 North Oakland Avenue
Milwaukee, WI 53211

powersrealty.com

414.963.0000

239.261.9131

suzanne@powersrealty.com

IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information is supplied by seller and other third parties and has not been verified. Powers Realty Group, Inc. shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site.

RESO MLS Web API Website Design By Rockstar Design

Rockstar Design is a MODX Professional Partner