Licensee Rodriguez is working as a single agent for seller Williams on a Tampa Bay condo. When must Rodriguez provide the single agent disclosure to prospective buyers?
Correct Answer
A) Before showing the property
Because Rodriguez is Williams's single agent, the fiduciary Single Agent Notice concerns the relationship with Williams. If a prospective buyer is unrepresented, the applicable No Brokerage Relationship Notice must be given before showing the property, subject to the statutory disclosure exceptions. These are different notices: the Single Agent Notice promises loyalty, confidentiality, and full disclosure to its recipient; the No Brokerage Relationship Notice describes the limited duties owed to an unrepresented buyer.
Why This Is the Correct Answer
Because Rodriguez is Williams's single agent, the fiduciary Single Agent Notice concerns the relationship with Williams. If a prospective buyer is unrepresented, the applicable No Brokerage Relationship Notice must be given before showing the property, subject to the statutory disclosure exceptions. These are different notices: the Single Agent Notice promises loyalty, confidentiality, and full disclosure to its recipient; the No Brokerage Relationship Notice describes the limited duties owed to an unrepresented buyer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."
More Authorized Relationships Disclosures Questions
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Agent Maria represents buyer Thompson in purchasing a waterfront home in Miami. During negotiations, the seller's agent asks Maria about Thompson's maximum budget. What should Maria do as a single agent?
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A single agent representing a seller in Florida has all of the following fiduciary duties EXCEPT: