A Florida transaction broker owes limited confidentiality. This means:
Question & Answer
Review the question and all answer choices
No confidentiality at all
A is incorrect because transaction brokers do owe some confidentiality, just not the same level as traditional agents. They must keep price and motivation confidential unless authorized to disclose.
Must keep price and motivation confidential unless authorized to disclose
Same as single agent confidentiality
C is incorrect because transaction brokers do not owe the same level of confidentiality as single agents. Single agents owe full fiduciary duties including complete confidentiality, while transaction brokers have limited confidentiality.
Only written information is confidential
D is incorrect because confidentiality in real estate transactions applies to both written and verbal information regarding price and motivation, not just written documentation.
Why is this correct?
B is correct because Florida law specifically requires transaction brokers to maintain confidentiality regarding a party's price and motivation unless they receive authorization to disclose this information. This represents the 'limited confidentiality' owed by transaction brokers.
Continue Learning
Explore this topic in different formats
More Agency Law Videos
Continue learning with related video lessons
Ohio's continuing education requirement for license renewal is:
2:14 • 0 views
Ohio real estate licensees are regulated by the:
2:51 • 0 views
A seller's agent in Texas owes which duty to buyers?
2:47 • 0 views
South Dakota requires how many hours of pre-license education?
3:19 • 0 views
Which Illinois agency fiduciary duty survives beyond the end of an agency relationship?
2:17 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.