Is a real estate agent a good job in Florida?

Earning Potential: Becoming a real estate agent in Florida is a profession with amazing earning potential. Expecting to arrive at the $100K annual salary benchmark is absolutely within reason. It all depends on how competitive and committed you are to developing your career potential.

Is it hard to become a real estate agent in Florida?

Getting a real estate license in Florida is not easy – the Florida real estate exam is difficult, yet the pass rate is around 50-60% at the first attempt.

How does a real estate agent make money in Florida?

How Real Estate Agents Make Money In Florida. According to the National Association of Realtors, 89% of sellers used a real estate agent to help them sell their homes last year. The vast majority of those real estate agents charged their clients the same way, too: on commission.

What is the real estate agency law in Florida?

Florida agency law clarifies how a real estate licensee works with a buyer or seller. The law sets out when a licensee must establish and disclose their agency relationship and the standards to which they must adhere.

What are the rules for working with a real estate agent?

If a listing agent shows you the property, the listing agent will expect to represent you. Ethics prevent a listing agent from showing preferential treatment. If you ask a listing agent to do you a favor and try to discount the price, it’s compromising integrity, and most won’t do it. Listing agents do not want to do the buying agent’s job.

Can a Florida real estate licensee work as a dual agent?

Florida real estate licensees may not work as a disclosed or undisclosed dual agent, meaning a licensee may not work for two or more principals in the same transaction. “Fiduciary” responsibility means the licensee has an ethical and legal responsibility to their principal.

Is it legal to work with a single real estate agent in Florida?

What is legal in Florida, where the seller and buyer are both allowed to work with a single real estate agent, is the “ Transactional Brokerage ” relationship. Whenever a real estate agent is representing both a seller and a buyer in a real estate transaction, all sorts of conflicts of loyalty and duty arise.

Who is the real estate agent in Florida?

Historically, Florida real estate agents represented the seller. When I first became licensed in 1977, every agent — even the agent helping you house hunt — had a fiduciary responsibility to the seller. The agent who brought the buyer was considered a “subagent” of the listing agent.

What are the duties of a single agent in Florida?

SINGLE AGENT NOTICE. FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES OPERATING AS SINGLE AGENTS DISCLOSE TO BUYERS AND SELLERS THEIR DUTIES. As a single agent, (insert name of Real Estate Entity and its Associates) owe to you the following duties: 1. Dealing honestly and fairly;

Are there dangers with a Florida real estate agent?

Fiduciary Duty Is Important to Florida Buyers and Sellers. Given all the bad acts that have happened in the Florida real estate market in recent years, having an agent with the legal duty to act as a fiduciary can make all the difference in whether or not someone who has been wronged gets compensated for their damage.