Understanding Real Estate Agents & Commissions

Brokers today operate in three fashions: sellers broker, buyers broker and transactional broker. Sellers brokers are required to represent the interests of the Seller only. Buyers brokers protect the buyer's interests. Most brokers are operating as transactional brokers. Transactional brokers are required to get your signature acknowledging that you know and agree to them operating as a transactional broker. Transactional brokers are required to deal fairly and honestly with the public, however they are not really representing the interests of the buyer or the seller. Transactional brokers are to "facilitate the sale". Sellers should never give information to a transactional broker that they wouldn't want a prospective buyer to know.

It is important that you understand who the broker is working for.

It is common for clients to hire an attorney because they have learned, too late, that they contracted to sell their home for thousands of dollars below market value. Knowledge is essential. Don't get it too late.

Why Retain Lawyer's Real Estate

Lawyers Real Estate, P.A. is a private law firm with one practice area: real estate. Lawyers Real Estate, P.A. provides a service that allows the citizens of Florida to return to a time in our country's history when all real estate matters were handled by those who were the most highly educated, most experienced, and best qualified, to handle the job - attorneys.

Before sellers brokers, buyers brokers, transactional brokers, title insurance companies, mortgage brokers, and real estate sales associates, all real estate matters were handled by attorneys, who were members of the Bar.

We believe that when a client is considering selling the family's most valuable asset, that given the choice, the client will prefer the experience of a Attorney at Law over other alternatives, especially if the cost is the same.

Today, most brokers require that the customer sign a disclosure acknowledging that the broker is operating as a "transactional broker." Few people know what that means. It means that the broker does not have a fiduciary relationship with the customer and that the broker does not represent the interest of the seller or the buyer. The broker only "facilitates the sale." Members of the Florida Bar, and the lawyers associated with Lawyers Real Estate, P.A. are held to a higher standard. Lawyers Real Estate P.A. represents the client's interest, and the client's interests only. Additionally, Lawyers Real Estate, P. A. is dedicated to making the sale of real property safe and simple. The lawyers handle everything.

Once retained, the firm:

  1. orders the appraisal,
  2. orders the inspection,
  3. markets the home,
  4. drafts the contract,
  5. with the power of an attorney, signs the contract,
  6. attends the closing and
  7. signs all documents pertaining to the closing.

No law firm, or real estate brokerage can assure a seller how long it will take to sell a property, or what a buyer will be willing to pay; yet every effort is made by the firm to assure the client that once the firm has been retained, the only thing the client should have to do thereafter is cash the check.

Recently, Florida has experienced the most active real estate market since 1922. Lawyers across the state are constantly being approached by sellers who, too late, have discovered that they sold their home for too low a price, and need help. Lawyers Real Estate P.A. was formed with the goal of safeguarding the interests of property owners in Florida who wish to sell real property without worrying about contracts, appraisals, inspections, repairs, closings or the worry of whether a trained professional is really protecting their interests.

If you are contemplating the sale of real property and want to return to the old- fashioned way, a safer way, to transfer title to real property, call any local representative of Lawyers Real Estate, P.A. for a free consultation.