Agent Santos is a single agent for seller Rivera in Miami Beach. Santos discovers Rivera is his cousin, which he failed to disclose initially. The buyer has submitted an offer. What must Santos do immediately?
Correct Answer
B) Disclose the relationship to all parties and obtain written consent
Correct: Santos must immediately disclose the conflict of interest to all parties and obtain written informed consent to continue, as the family relationship creates a potential conflict requiring disclosure. Why not A: Continuing without disclosure violates the duty to disclose conflicts of interest. Why not C: Withdrawal without explanation doesn't address the disclosure requirement and may harm the parties. Why not D: Waiting until after the transaction violates the immediate disclosure requirement for conflicts of interest.
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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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