Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 28, 2020

Representation, What Representation?

Do you know you have the choice of how you wish to be represented as a buyer, or seller, by a Florida realtor. Below are the different categories.  In Florida it is “assumed” all Realtors work as a "Transaction Agent" unless a separate written notice is given to you stating otherwise, which you will need to acknowledge. Here are the categories of all types of representation: 

"No Brokerage” means you have no representation at all in the transaction (eg when you buy new construction). So beware of going to new communities where the sales representatives will encourage you to sign a sales contract before you have the chance to see what other homes are on the market in your price range. Representative in new construction sales centers are sales people and not necessarily "Realtors" who are bound by a Code of Ethics.  You can read our Florida Realtor Code of Ethics here.

 "Transaction Agent” gives you limited representation as a "customer". 

"Single Agent” fully represents you as a "client" and must look after your interests above all others, including the sellers and the Realtors themselves. You are a “client” and as such are entitled to receive “Loyalty, Obedience and Full Confidentiality” in addition to the entitlements a "customer" in a transaction broker arrangement can expect to receive. There is a fiduciary duty between the agent and the buyer with single agency.

Most real estate companies here in Naples, and surrounding areas, will not allow their agents to work as a single agent.  However, we are able work with you as a Single Agent if you request it. This is a two-way street, however. You will be asked to sign a Buyer Broker Agreement with us, where you also give your loyalty to us as your Agent.

Why should I want a Buyer’s Broker Agreement?

 

If you wish to be fully represented, the fiduciary duty of agent and buyer to working together is defined in the Buyers Broker Agreement, just as a Listing Agreement does with a seller when listing a home. It details the “client” services you can expect from me and my expectations of cooperation from you.  

 

  • You can expect superior service relative to being just a “customer” as in a Transaction Agency agreement.
  • Receive advice and information from us which is not possible to “customers”.
  • It’s a relationship based on mutual consent & a defined time period
  • You can cancel, in writing, if we fail to meet your expectations.

I can send you each one of the Agency forms for you to review, give me a call and we can talk about it.

July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates