Authorized Relationships DisclosuresTransaction_brokerMEDIUM
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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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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- → Which duty is NOT owed by a Florida transaction broker?
- → A Florida single agent owes the principal all duties EXCEPT:
- → A Florida transaction broker owes limited confidentiality. This means:
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- → In Florida, dual agency is:
- → Agent Lisa is working with buyer clients to purchase a waterfront property. All of the following disclosure requirements apply in Florida EXCEPT:
- → According to Florida law, when must a real estate licensee provide brokerage relationship disclosure to a customer?
- → New agent Carlos meets potential client Susan at a networking event. Susan mentions she's thinking about selling her home and asks Carlos for his business card. She says she'll call him next week to discuss details. When must Carlos provide brokerage relationship disclosure?