Sales associate Rodriguez is working with both the buyer and seller in the same transaction under no brokerage relationship with both parties. The buyer confides that they are willing to pay $10,000 more than their current offer. What should Rodriguez do with this information?
Correct Answer
D) Not use the information to the disadvantage of either party
Correct: Under no brokerage relationship, the licensee cannot use confidential information to the disadvantage of either party but has no duty to maintain confidentiality. Why not A: There is no confidentiality duty in no brokerage relationship. Why not B: The licensee should not actively disclose but cannot be held to confidentiality. Why not C: Suggesting offer changes would exceed ministerial acts.
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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?
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