AgencyMEDIUM
In Florida, a transaction broker:
Correct Answer
C) Provides limited representation to both parties
A Florida transaction broker provides limited representation to a buyer, seller, or both in a transaction without being an advocate for any party.
Answer Options
A
Represents the buyer onlyB
Represents the seller onlyC
Provides limited representation to both partiesD
Is not a legal relationship in FloridaVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
florida-agency-disclosure-requirementsfiduciary-duties-in-real-estatesingle-vs-dual-agency
Key Terms:
transaction brokerFlorida Statute 475.2755limited representationdefault brokerage relationshipsingle agent vs transaction broker
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