Sacks Realty Group is committed to developing a corporation which exceeds the expectations of our customers.  By listening and adapting to the needs of our customers, we aim to continue and evolve to meet future customer needs. 

Brokerage Relationship Disclosure : Transaction Broker

IMPORTANT NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL SELLERS AND BUYERS OF REAL ESTATE.

You should not assume that any real estate broker or salesperson represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or a transaction broker.  You are advised not to disclose any information you want to be withheld in confidence until you make a decision on representation.

TRANSACTION BROKER NOTICE

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, SACKS REALTY GROUP INC. and its associates, provides to you a limited form of representation that includes the following duties:

• Dealing honestly & fairly;
• Accounting for all funds;
• Using skill, care, and diligence in the transaction;
• Disclosing all 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, unless a party has previously directed the licensee otherwise in writing;
• 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 that 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
• 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 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 but 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.