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Authorized Relationships DisclosuresNo_brokerage_relationshipMEDIUM

A Florida real estate licensee working at an open house provides a visitor with a property information sheet, directions to local schools, and general market statistics. No written agreements are signed and no compensation is discussed. What type of relationship exists?

Correct Answer

A) No brokerage relationship

Correct: No brokerage relationship exists because the licensee is only providing ministerial acts like factual information without representation duties. Why not B: Transaction broker requires written disclosure and limited representation duties. Why not C: Single agent requires written agreement and fiduciary duties to the seller. Why not D: Dual agency is prohibited in Florida.

Answer Options
A
No brokerage relationship
B
Transaction broker relationship
C
Single agent for seller
D
Dual agent relationship

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Related Topics & Key Terms

Key Terms:

open_houseministerial_actsfactual_information
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