Under Florida law, when a licensee operates under no brokerage relationship, what is the maximum level of service they can provide?
Correct Answer
C) Ministerial acts only
Correct: Under no brokerage relationship, licensees can only provide ministerial acts such as answering questions about property and assisting with paperwork. Why not A: Fiduciary duties require single agent status. Why not B: Limited representation describes transaction brokerage. Why not D: Advisory services would create an agency relationship.
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Related Topics & Key Terms
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Related Concepts
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A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
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:
- → Agent Lopez represents seller Garcia as a single agent. During negotiations, Lopez learns that the buyer is being transferred by his company and must close within 30 days or lose the opportunity. Garcia's property has been on the market for 8 months. How should Lopez use this information?
- → 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?
- → Agent Mitchell is a single agent for seller Brown in Naples. Brown asks Mitchell to lie about the age of the roof to potential buyers. How should Mitchell respond?
- → In a Tampa transaction, a buyer wants the Florida rule on lawful transition from single agent to transaction broker. Which statement is correct?
- → Licensee Rodriguez is working as a single agent for seller Williams on a Tampa Bay condo. When must Rodriguez provide the single agent disclosure to prospective buyers?
- → 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?
- → Broker Chen represents buyer Park as a single agent. Park finds a property he likes, but Chen discovers the property has a lien that the seller hasn't disclosed. The seller's agent is unaware of the lien. What should Chen do?
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Previous Question
A real estate licensee is showing properties to a buyer but has not entered into any written agreement and is providing only ministerial acts. The licensee finds a property listed by another brokerage and writes an offer. What type of relationship exists between the licensee and the buyer?
Next Question
Licensee Martinez is working with a seller who refuses to sign any brokerage agreements but wants help marketing their property. Martinez agrees to work under no brokerage relationship. The seller asks Martinez for advice on pricing strategy and negotiation tactics. How should Martinez respond?