EstatePass
Authorized Relationships DisclosuresNo_brokerage_relationshipMEDIUM

Audit memo Harbor Memo highlights this Florida rule. In a Tallahassee transaction, a closing coordinator wants the Florida rule on limited duties owed in a no-brokerage relationship. Which statement is correct?

Correct Answer

D) Florida's brokerage-disclosure requirements do not apply to nonresidential transactions, among other statutory exceptions.

Florida's brokerage-disclosure requirements do not apply to nonresidential transactions, among other statutory exceptions. This follows F.S. § 475.278(4)-(5); Pearson VUE Florida Sales Associate CIB.

Answer Options
A
A no-brokerage licensee still owes loyalty and obedience because all licensees are fiduciaries by default.
B
A no-brokerage relationship means the licensee may ignore escrowed funds because there is no representation.
C
No-brokerage and transaction-broker relationships impose the same confidentiality duties.
D
Florida's brokerage-disclosure requirements do not apply to nonresidential transactions, among other statutory exceptions.

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Authorized Relationships Disclosures Question

Sign up free to unlock full analysis

Background Knowledge for Authorized Relationships Disclosures

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Authorized Relationships Disclosures

Sign up free to unlock full analysis

Common Mistakes to Avoid on Authorized Relationships Disclosures Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

floridastate_portionno_brokerage_relationshipauthorized_relationships_disclosures
Was this explanation helpful?

More Authorized Relationships Disclosures Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing