During a transaction, the buyer asks the transaction broker's opinion on whether the property is priced fairly compared to similar properties. How should the transaction broker respond?
Correct Answer
B) Provide objective market information without advocating for either party
Transaction brokers can provide objective market information and factual data without advocating for either party's position. They should not provide analysis that favors one party, but they can share factual market data. Completely refusing information or deflecting to an appraiser is unnecessary.
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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:
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A real estate brokerage has established a policy that all licensees work as transaction brokers unless a single agent relationship is specifically requested and agreed to in writing. A new customer calls asking about properties. What disclosure should be made?
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