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The Role of the Real Estate Agent

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Part of the Coastal Research Library book series (COASTALRL,volume 37)

Abstract

Requirements for licensure as a real estate agent have become increasingly demanding over the past decades, involving the acquisition of knowledge and skills that make real estate agents invaluable to both home sellers and homebuyers. The National Association of Realtors® has set a stringent code of ethics for its members. In addition, Florida statutes require the disclosure of “all known facts that materially affect the value of residential property and are not readily observable.” Empirical research has demonstrated the important influence that real estate agents have on buyers, and therefore an assessment of their evaluation of trends in the property market are crucial for an understanding of current practice and trends.

Keywords

  • Realtor®
  • Disclosure
  • National Association of Realtors® (NAR)
  • Housing search behavior

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  • DOI: 10.1007/978-3-030-88435-2_5
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Notes

  1. 1.

    The term “Realtor” is sometimes incorrectly used as a generic description for a real estate agent. Instead, the word should be capitalized, and refers only to members of the National Association of Realtors®.

  2. 2.

    Florida statutes do, however, contain a provision requiring sellers to provide a written disclosure at the time of contract if the property is seaward of the coastal construction control line, indicating that it may be subject to beach nourishment and the protection of marine turtles (Florida Statutes 161.57).

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© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

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Palm, R., Bolsen, T. (2022). The Role of the Real Estate Agent. In: Housing Market Response to Sea-Level Rise in Florida. Coastal Research Library, vol 37. Springer, Cham. https://doi.org/10.1007/978-3-030-88435-2_5

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