A buyer approaches a real estate licensee at an open house. The licensee represents the seller as a single agent. If the licensee wants to work with the buyer in purchasing a different property, what must occur first?
Correct Answer
C) The licensee must obtain written consent to transition to transaction broker
When a single agent wants to work with both parties, they must obtain written consent to transition to transaction broker status. They cannot immediately work as a single agent for both parties, and they can work with the buyer after proper transition.
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More Authorized Relationships Disclosures Questions
Consent to transition from single agent to transaction broker in Florida must be:
In Florida, the default brokerage relationship when no disclosure is made is:
A Florida licensee working with a customer in a no brokerage relationship:
Agent Rodriguez discovers that a property has had previous termite damage that was repaired. The seller instructs Rodriguez not to disclose this information to potential buyers. What should Rodriguez do?
Which brokerage relationship is presumed in Florida unless otherwise disclosed?
- → A Florida single agent must provide which disclosure?
- → Which duty is NOT owed by a Florida transaction broker?
- → A Florida single agent owes the principal all duties EXCEPT:
- → A Florida transaction broker owes limited confidentiality. This means:
- → Florida requires brokerage relationship disclosure be provided:
- → In Florida, a transaction broker:
- → In Florida, the disclosure of brokerage relationship must be made:
- → In Florida, dual agency is:
- → Agent Lisa is working with buyer clients to purchase a waterfront property. All of the following disclosure requirements apply in Florida EXCEPT:
- → According to Florida law, when must a real estate licensee provide brokerage relationship disclosure to a customer?
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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?
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