ADDvantage® Real Estate Services and its licensed associates owe to you the following duties when working in a No Brokerage capacity:
- Dealing honestly and fairly;
- Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer.
- Accounting for all funds entrusted to the licensee.
Note: this brokerage relationship is not fiduciary in nature. As a self-represented seller, you are acknowledging that you prefer the minimum form of representation which is No Brokerage relationship. In this relationship, you are a customer, not a client. If you are seeking a brokerage relationship with a higher level of representation, consider our PLATINUM program, $499 plus $2,500 at close, which employs the Transaction Broker relationship:
TRANSACTION BROKER NOTICE:
FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES OPERATING AS A TRANSACTION BROKER DISCLOSE TO BUYERS AND SELLERS THEIR DUTIES. As a Transaction Broker, ADDvantage(R) Real Estate Services and its associates owe to you the following duties:
A) Dealing honestly and fairly;
B) Accounting for all funds;
C) Using skill, care, and diligence in the transaction;
D) Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer;
E) Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing;
F) Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the SELLER will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a SELLER or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and
G) Any additional duties that are entered into by this or by separate written agreement. Limited representation means that a buyer or SELLER is not responsible for the act of this 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.