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Authorized Relationships DisclosuresTransaction_brokerEASY

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.

Answer Options
A
Florida presumes a transaction-broker relationship unless a single-agent or no-brokerage relationship is established in writing with the customer.
B
Florida allows disclosed dual agency if both parties consent in writing under Florida law.
C
A transaction broker may keep offers secret until closing if both sides seem interested.
D
A transaction broker owes undivided loyalty and full confidentiality to one principal.

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Related Topics & Key Terms

Key Terms:

floridastate_portiontransaction_brokerauthorized_relationships_disclosures
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