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Updated about 1 year ago on . Most recent reply

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Can I be a single agent and a non-representative broker on the same transaction? - FL

Shubham Aggarwal
Posted

I am currently the listing agent (single agent) on a property, and I have been approached by a cash buyer that is looking to purchase without representation from an agent.  As a single agent, can I be a non-representative broker to the buyer? The buyer will be submitting his offer and taking care of himself. 

This will be beneficial to me and the seller because I can take a piece of the buyer's agent commission and then pass the remaining savings to the seller.  But I want to make sure this is legal. Or do you think I should transition to a transaction broker and represent the transaction (i.e. both the seller and buyer)?

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Ray Hage
  • Investor
  • Fort Lauderdale, FL
746
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Ray Hage
  • Investor
  • Fort Lauderdale, FL
Replied

It would depend on what type of listing agreement you signed with the seller. You will need to transition over to a transactional agreement if you initially signed a single agent agreement. However, all that being said, discuss this with your broker before moving along further.

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