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Authorized Relationships DisclosuresTransaction_brokerMEDIUM

A Florida transaction broker owes limited confidentiality. This means:

Correct Answer

B) Must keep price and motivation confidential unless authorized to disclose

Transaction brokers must keep a party's price and motivation confidential unless authorized to disclose.

Answer Options
A
No confidentiality at all
B
Must keep price and motivation confidential unless authorized to disclose
C
Same as single agent confidentiality
D
Only written information is confidential
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Related Topics & Key Terms

Related Topics:

florida-agency-relationshipsfiduciary-duties-in-real-estatedual-agency-vs-transaction-brokerage

Key Terms:

transaction brokerlimited confidentialityFlorida Brokerage Relationship Disclosure Actprice and motivationF.S. 475.278
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