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Authorized Relationships DisclosuresSingle_agentMEDIUM

Which statement best describes Florida's rule on single-agent loyalty?

Correct Answer

A) The single-agent disclosure must be made before or at entering into the listing or representation agreement or before the showing of property, whichever occurs first.

The single-agent disclosure must be made before or at entering into the listing or representation agreement or before the showing of property, whichever occurs first. This follows F.S. § 475.278(3); Pearson VUE Florida Sales Associate CIB.

Answer Options
A
The single-agent disclosure must be made before or at entering into the listing or representation agreement or before the showing of property, whichever occurs first.
B
Single agents owe only limited confidentiality, similar to transaction brokers under Florida law.
C
A single agent may hold back competing offers unless the seller later asks for them under Florida law.
D
Florida permits disclosed dual agency if the firm first started as single agent for each side.

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Related Topics & Key Terms

Key Terms:

floridastate_portionsingle_agentauthorized_relationships_disclosures

Related Concepts

Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.

Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.

HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.

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