In a Tampa transaction, a buyer wants the Florida rule on transition from single agent to transaction broker. Which statement is correct?
Correct Answer
D) A transaction broker provides limited representation and does not act in a fiduciary capacity or as a single agent.
A transaction broker provides limited representation and does not act in a fiduciary capacity or as a single agent. This follows F.S. § 475.278(1)-(2); Pearson VUE Florida Sales Associate CIB.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.
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?
- → In a Tampa transaction, a buyer wants the Florida rule on buyer-and-seller same-transaction scenarios. Which statement is correct?
- → Agent Mitchell is a single agent for seller Brown in Naples. Brown asks Mitchell to lie about the age of the roof to potential buyers. How should Mitchell respond?
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