| A commercial real estate broker is a
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| | that the professional relationship
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| person who acts as a link between a
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| | between the agent and the client should
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| buyers and a sellers real estate. This
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| | be broken. Instead, they felt that the
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| relationship is one of fiduciary
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| | dealings between the two should be
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| responsibility, meaning that it is a
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| | strictly limited to the actual sale and
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| relationship based on trust.
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| | purchase of real estate, without taking
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| The person appointed as the broker, has
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| | the personal interest of the client into
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| the responsibility of ensuring that his
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| | consideration. In Florida, the Broward
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| salespeople handle the transactions
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| | Board of Realtors went so far as
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| according to law. The sales people are
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| | suggesting that the brokers and agents
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| known as real estate agents and their
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| | merely help the selling and purchasing
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| responsibilities include representing the
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| | parties with finalizing the sale, without
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| seller or the buyer in the transactions
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| | the bond of trust. The only requirement
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| and making sure that they get the best
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| | being that they adhere to both legal and
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| possible treatment. The agent
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| | moral standards.
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| representing the seller ensures that the
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| | The result was that in 2003, Florida
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| seller receives the highest possible
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| | amended the law and made all real estate
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| price for the property they are selling,
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| | licensees have only a transaction
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| while the agent of the buyer will
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| | relationship unless there is only one
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| negotiate for the lowest possible price.
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| | person acting as the representative for
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| The buyer's agent will also try to find
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| | both parties. This will not apply if
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| properties in the best structural shape
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| | there is a business link between the two
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| that fits within their estimated price
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| | parties.
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| range.
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| | The change in the law also made it
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| In many places, such as the United
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| | mandatory that the aspects of the
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| States, it is mandatory for the broker to
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| | transactions be made in writing and
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| have a license to negotiate the sale and
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| | removed the dual and sub agency
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| purchase of property. The broker can act
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| | designations. A dual agency results when
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| as either the proprietor of a company or
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| | a broker handles the transactions of both
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| as an agent for another company. There
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| | the purchasing and the selling parties.
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| are various ways to get the certification
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| | Both parties would have agreed to this
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| as a broker. One way is by going to
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| | arrangement in writing. The sub agency
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| school and passing a state test. Another
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| | agreement meant that two agents from the
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| way is to hold a position that
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| | same brokerage would represent the
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| automatically allows you to apply for and
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| | selling and purchasing parties. Like a
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| receive the certification, such being an
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| | dual agency transaction, it would have to
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| attorney.
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| | be agreed upon in writing by both parties
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| Following 1992, there were brokers from
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| | to the transaction.
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| Florida and Colorado that recommended
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