A Florida licensee shows properties to a buyer but does not provide advice, negotiate on their behalf, or enter into any written agreements. The buyer pays no compensation to the licensee. What relationship exists?
Correct Answer
C) No brokerage relationship
Correct: No brokerage relationship exists when the licensee performs only ministerial acts without compensation or written agreements. Why not A: Transaction broker requires written disclosure and limited representation duties. Why not B: Single agent requires written agreement and fiduciary duties. Why not D: Florida does not recognize implied agency relationships.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.
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.
More Authorized Relationships Disclosures Questions
Under Florida law (F.S. § 475.272 and § 475.278), which statement most accurately describes Florida's rules on brokerage relationships in a residential real estate transaction?
Consent to transition from single agent to transaction broker in Florida must be:
Real estate licensee Mike is working as a transaction broker in a commercial property sale. The buyer asks Mike for his opinion on whether the asking price is fair for the property. How should Mike respond?
A Florida real estate licensee provides market analysis information to a property owner who is considering selling their home, but does not assist with negotiations or provide advice. The licensee receives no compensation. What type of relationship exists?
Listing agent Kevin receives an inquiry from buyer agent Rachel about his listed property. Rachel wants to schedule a showing for her client tomorrow morning. When must Kevin provide disclosure to Rachel's client?
- → In Florida, the disclosure of brokerage relationship must be made:
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- → In Florida, when does a licensee have a no brokerage relationship with a consumer?
- → In a Tampa transaction, a buyer wants the Florida rule on buyer-and-seller same-transaction scenarios. Which statement is correct?
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- → ABC Realty represents both the buyer and seller in the same transaction. The broker has appointed Sales Associate Johnson to represent the buyer and Sales Associate Martinez to represent the seller. What type of agency relationship exists?
- → In a dual agency with designated sales associates, the buyer's agent learns the seller is facing foreclosure and needs to close quickly. The seller's agent doesn't know this information. What should the buyer's agent do?
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Previous Question
A Florida real estate licensee provides market analysis information to a property owner who is considering selling their home, but does not assist with negotiations or provide advice. The licensee receives no compensation. What type of relationship exists?
Next Question
Under Florida real estate law, ministerial acts that do NOT create a brokerage relationship include: