Unit 4 of 19
Authorized relationships, duties, and disclosure
The brokerage relationships Florida law allows, the duties owed in each, and when and how they must be disclosed.
- 1The relationships Florida allowsThe two brokerage relationships a Florida licensee may enter, the no brokerage relationship option, the ban on dual agency, and the presumption of transaction brokerage.+50 XP
- 2Transaction broker dutiesThe seven duties a Florida transaction broker owes, what limited confidentiality protects, and how limited representation differs from fiduciary representation.+50 XP
- 3Single agent duties and the transition to transaction brokerThe nine fiduciary duties a Florida single agent owes a principal, when the single agent notice is due, and how a single agent may become a transaction broker with written consent.+50 XP
- 4No brokerage relationshipThe three duties a Florida licensee owes a buyer or seller it does not represent, and when the no brokerage relationship notice must be given.+50 XP
- 5When disclosure is required, and when it is notWhat counts as a residential sale, how the required notices must look, the situations exempt from disclosure, designated sales associates, and keeping disclosure records.+50 XP
Practice questions
Check yourself with exam-style questions. Each one explains the answer as soon as you pick.