Real estate agent Davis is working as a single agent for buyer Thompson. Thompson asks Davis to show him properties owned by Davis's brother-in-law. What must Davis do?
Correct Answer
C) Disclose the relationship in writing before showing the properties
Florida law requires disclosure of any material relationship that could affect the agent's ability to represent the client's interests. The family relationship must be disclosed in writing. Option A is unnecessarily restrictive. Option B doesn't address the disclosure requirement. Option D ignores the mandatory disclosure requirement.
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Related Topics & Key Terms
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Related Concepts
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A stigmatized property is one that has an undesirable reputation due to events that occurred on the property or nearby, such as a murder, suicide, alleged haunting, or proximity to a registered sex offender. The stigma is psychological, not physical.
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Previous Question
Broker Johnson represents seller Martinez in the sale of a commercial property. During negotiations, the buyer's agent asks Johnson if Martinez would accept $50,000 less than the listed price. Johnson knows Martinez is facing foreclosure and desperately needs to sell quickly. What should Johnson do?
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In Florida, a single agent relationship is created when a real estate licensee: