During a transaction, the seller's mortgage company calls the transaction broker asking for details about the buyer's offer and financing. The seller has given verbal permission for the broker to share this information. What should the broker do?
Correct Answer
D) Refer the mortgage company to contact the seller directly
The broker should direct third parties to communicate directly with the appropriate party rather than acting as an intermediary for information sharing, even with permission. This protects both parties and maintains proper communication channels. A is incorrect because third parties should communicate directly with the principals. B is incorrect because even written authorization wouldn't make the broker the appropriate intermediary. C is incorrect because selective information sharing could create liability issues.
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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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