Sarasota Real Estate is Hot! | Experienced Sarasota Real Estate Lawyer

Oh my! If you are like I am – outside enjoying the amazing weather and all of the culture and beauty of Sarasota, then you know why Sarasota real estate is so hot! With all of the people clamoring over homes for sale, multiple offers being made and all of the other emotions and excitement buzzing around real estate sales and purchases, it is especially important to have a qualified, experienced real estate lawyer representing your interest. Yes, real estate agents play an important role in real estate transactions, however, make no mistake about it, in nearly all cases they do NOT owe a fiduciary duty to you.  Nearly all real estate agents will have you sign a transaction broker disclosure or agreement. In fact, unless agreed to in writing otherwise, your realtor is acting as a transaction broker. A transaction broker does NOT have a fiduciary duty to you, rather, they work as a facilitator between both the seller and the buyer to close the transaction.

If you are like most people, the sale or purchase of a home is one of the biggest financial transactions you will ever undertake. Thus, it makes good sense to hire a lawyer, don’t you agree? It is always advisable to hire an experienced lawyer before signing a legally binding contract. In contrast to a realtor’s non-fiduciary relationship with the seller or buyer, a Sarasota real estate lawyer DOES have a fiduciary duty to his or her client, whether it be the seller or the buyer. This duty requires that the lawyer act in his client’s best interest, not in the other party to the transaction’s best interest.

So, if you are considering entering into a sale or purchase transaction, please call our offices at 941-955-5500. We look forward to the opportunity to assist you.

Michael D. Wyckoff, Esq. – Real Estate Lawyer Sarasota
Wyckoff Law Firm, P.A.
mike@wyckofflawfirm.com
941-955-5500
Your Sarasota Real Estate Attorney