A Florida transaction broker owes limited confidentiality. This means:
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No confidentiality at all
Saying there is 'no confidentiality at all' in a transaction broker relationship is flatly incorrect; Florida law expressly imposes limited confidentiality as one of the enumerated duties owed by a transaction broker to each party.
Must keep price and motivation confidential unless authorized to disclose
Same as single agent confidentiality
A transaction broker does not owe the same level of confidentiality as a single agent; single agents owe full fiduciary confidentiality covering all information learned during the relationship, while transaction brokers owe only the limited confidentiality specifically defined in F.S. § 475.278.
Only written information is confidential
The law does not restrict confidentiality protection to only written information; verbal disclosures of price, motivation, or other sensitive information are equally protected under the transaction broker's limited confidentiality duty.
Why is this correct?
Answer B is correct because Florida Statute § 475.278(2)(b) explicitly lists 'limited confidentiality' as one of the duties of a transaction broker, specifically requiring the broker to keep confidential any information that a party indicates is confidential, including the price a party is willing to pay or accept and the party's motivation for buying or selling, unless that party authorizes disclosure. This targeted protection preserves basic fairness without imposing the full fiduciary duty of loyalty that would characterize a single-agent relationship.
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