Transaction Brokerage Agreements

A broker who acts as an Transaction Broker in a transaction does not represent either party. He may not do anything that would give any party to the transaction an advantage over any other party. Extremely limited in services he can offer to either party. Also know as Facilitator, Intermediary, Mediator, or Non-Agent. Caution: This form of agency offers a reduced level of service and should never be considered unless you are very knowledgeable about real estate.

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES OPERATING AS TRANSACTION BROKERS DISCLOSE TO BUYERS AND SELLERS THEIR ROLE AND DUTIES IN PROVIDING A LIMITED FORM OF REPRESENTATION.

As a transaction broker, Turn Key Realty, and its associates, provides to you a limited form of representation that includes the following duties:

1. Dealing honestly and fairly;
2. Accounting for all funds;
3. Using skill, care, and diligence in the transaction; 
4. Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer; 
5. Presenting all offers and counter offers in a timely manner, unless a party has previously directed the licensee otherwise in writing; 
6. 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 then those offered, or of any other information requested by a party to remain confidential; and
7. Any additional duties that entered into by this or by separate written agreement.