A Florida transaction broker assists both parties without fiduciary representation. Which listed action is not among that broker's duties?
Correct Answer
C) Advocating on behalf of one party over the other
Transaction brokers cannot advocate on behalf of one party over the other as they provide limited representation to both parties. They must deal honestly and fairly, present all offers timely, and use skill, care, and diligence.
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Related Topics & Key Terms
Key Terms:
Related Concepts
HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.
The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."
A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.
More Authorized Relationships Disclosures Questions
Under Florida law (F.S. § 475.272 and § 475.278), which statement most accurately describes Florida's rules on brokerage relationships in a residential real estate transaction?
Consent to transition from single agent to transaction broker in Florida must be:
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- → In Florida, the disclosure of brokerage relationship must be made:
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A transaction broker learns that the seller is willing to accept $10,000 less than the listed price. The buyer asks the transaction broker what the seller might accept. How should the transaction broker respond?