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Authorized Relationships DisclosuresSingle_agentMEDIUM

In a Tampa transaction, a buyer wants the Florida rule on lawful transition from single agent to transaction broker. 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.

Answer Options
A
A single agent may switch to transaction broker without written consent so long as both parties continue dealing with the firm.
B
A single-agent relationship can be changed to transaction brokerage only with the principal's prior written consent and the required transition disclosure.
C
Single agents owe only limited confidentiality, similar to transaction brokers.
D
A single-agent disclosure may be delayed until the first substantive negotiation because that timing rule controls all Florida relationships.

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Related Topics & Key Terms

Key Terms:

floridastate_portionsingle_agentauthorized_relationships_disclosures

Related Concepts

Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.

A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.

Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.

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