A Florida licensee in a no brokerage relationship must:

This question tests understanding of a fundamental principle in Florida real estate practice: the baseline duties of licensees regardless of agency relationships. In Florida, licensees have certain duties that apply universally, whether they have a formal brokerage relationship or not. The concept matters because many students mistakenly believe that without a formal agency relationship, licensees have no obligations to parties. In reality, Florida law establishes minimum standards of conduct that all licensees must follow. The question specifically addresses the 'no brokerage relationship' scenario, which occurs when a licensee interacts with a party without representing them as a buyer's or seller's agent. To arrive at the correct answer, we must identify which duty applies universally. While options A, C, and D are fiduciary duties that arise only in formal agency relationships, option B represents the baseline duty of honesty and fairness that applies to all licensees in all situations. This question is challenging because it tests the distinction between fiduciary duties (which require agency relationships) and general duties (which apply universally). Understanding this distinction helps answer many other questions about agency relationships and licensee duties.