In a Tampa transaction, a buyer wants the Florida rule on single-agent loyalty. Which statement is correct?
Correct Answer
B) A single-agent relationship can be changed to transaction brokerage only with the principal's prior written consent and the required transition disclosure.
A single-agent relationship can be changed to transaction brokerage only with the principal's prior written consent and the required transition disclosure. This follows F.S. § 475.278(3); Pearson VUE Florida Sales Associate CIB.
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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:
Agent Rodriguez discovers that a property has had previous termite damage that was repaired. The seller instructs Rodriguez not to disclose this information to potential buyers. What should Rodriguez do?
Which brokerage relationship is presumed in Florida unless otherwise disclosed?
- → A Florida single agent must provide which disclosure?
- → Which duty is NOT owed by a Florida transaction broker?
- → A Florida single agent owes the principal all duties EXCEPT:
- → A Florida transaction broker owes limited confidentiality. This means:
- → Florida requires brokerage relationship disclosure be provided:
- → In Florida, a transaction broker:
- → In Florida, the disclosure of brokerage relationship must be made:
- → In Florida, dual agency is:
- → Agent Lisa is working with buyer clients to purchase a waterfront property. All of the following disclosure requirements apply in Florida EXCEPT:
- → According to Florida law, when must a real estate licensee provide brokerage relationship disclosure to a customer?
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Real estate licensee Mike is working as a transaction broker in a commercial property sale. The buyer asks Mike for his opinion on whether the asking price is fair for the property. How should Mike respond?
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A transaction broker in Florida is authorized to do all of the following EXCEPT: