Which statement best describes Florida's rule on default transaction-broker presumption?
Correct Answer
D) Transaction-broker duties include honesty and fairness, accounting for funds, skill, care, and diligence, timely presentation of offers, and limited confidentiality.
Transaction-broker duties include honesty and fairness, accounting for funds, skill, care, and diligence, timely presentation of offers, and limited confidentiality. This follows F.S. § 475.278(1)-(2); Pearson VUE Florida Sales Associate CIB.
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Which answer most accurately states the Florida rule for default transaction-broker presumption?
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A real estate licensee is working with both the buyer and seller in a transaction without representing either party's interests. The licensee provides limited representation by facilitating the transaction and providing assistance with paperwork. What type of brokerage relationship is this?