10/30/2022 0 Comments Transaction broker![]() ![]() appears to survive in part because many transactional brokers break the law by providing some of the representation required of fiduciary agents.despite less responsibility and liability, charges customers the same commission rate charged by fiduciary agents, and.greatly limits consumers in obtaining redress if treated unfairly,.consequently exposes consumers to risks related to the sale price – and for buyers, quality – of the property,.is not disclosed and therefore is not understood by most consumers,.greatly limits broker responsibilities and liability,.The report concludes that this agent role: – Today the Consumer Federation of America (CFA) released a new report on transactional brokerage in Florida – Does Transaction Brokerage in Florida Serve the Interest of Home Buyers and Sellers? – which is practiced by most real estate agents in the state. Real Estate Brokerage New Report Shows that Most Florida Real Estate Agents Work as Facilitators, Providing Their Customers No Loyal Representation and Overcharging Them for Their Services Unlike These Brokers in Other States, Florida Transaction Brokers Are Not Required to Disclose That They Work as Facilitators, Reinforcing the Widespread View That These Agents Are Fiduciaries Testimony of Stephen Brobeck before the House Subcommittee on Housing and Community Opportunity of the House Financial Services Committee on Residential Real Estate Brokerage Services: A Cockamamie System that Restricts Competition and Consumer Choice.Statement of CFA’s Allen Fishbein on The New Joint Economic Committee Report on The Subprime Lending Crisis.CFA Comments Submitted at DOJ-FTC Public Workshop on Competition Issues.Realtor Critic of CFA Report Ignores the Two Central Issues.Analysis of Real Estate Commission Rates in 35 Cities Reveals Lack of Price Competition. ![]() New Real Estate Research Shows No Consistent Relationship Between Home Prices and Commission Rates. ![]()
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