A Florida real estate brokerage has a policy that all licensees work as transaction brokers unless a single-agent relationship is specifically requested in writing. A prospective buyer calls the office asking about listed properties. Under current Florida law (F.S. 475.278), what disclosure obligation applies regarding the transaction-broker relationship?
Correct Answer
D) No transaction-broker disclosure is required because transaction brokerage is presumed under Florida law
Effective July 1, 2008, Florida eliminated the written transaction-broker notice requirement; transaction brokerage is now the presumed relationship under F.S. 475.278, so no disclosure of that status is required.
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Related Concepts
Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.
Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
More Authorized Relationships Disclosures Questions
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