Scenario Harbor Ledger raises this Florida point. In a Miami transaction, a buyer wants the Florida rule on buyer-and-seller same-transaction scenarios. Which statement is correct?
Correct Answer
D) 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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Previous Question
Compliance case Harbor Brief frames the issue this way. In a Tallahassee transaction, a closing coordinator wants the Florida rule on buyer-and-seller same-transaction scenarios. Which statement is correct?
Next Question
A licensee is working as a transaction broker for both the buyer and seller in a residential sale. The seller mentions they are willing to accept $10,000 less than the listed price, but asks the licensee not to tell the buyer. What should the transaction broker do?