Which statement best describes Florida's rule on buyer-and-seller same-transaction scenarios?
Correct Answer
A) Florida presumes a transaction-broker relationship unless a single-agent or no-brokerage relationship is established in writing with the customer.
Florida presumes a transaction-broker relationship unless a single-agent or no-brokerage relationship is established in writing with the customer. This follows F.S. § 475.278(1)-(2); Pearson VUE Florida Sales Associate CIB.
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Related Topics & Key Terms
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Related Concepts
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.
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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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- → In Florida, when does a licensee have a no brokerage relationship with a consumer?
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