Agency
A Florida broker is serving as a transaction broker for both buyer and seller in the same transaction. What disclosure must be provided?
ANo disclosure is required for transaction brokers
BThe Transaction Broker Notice must be provided before or at the time of entering into the brokerage relationship✓ Correct
COnly a verbal disclosure is required
DThe broker must get FREC approval
Explanation
When acting as a transaction broker in Florida, the licensee must provide the Transaction Broker Notice (in writing) to each party before or at the time of entering into the brokerage agreement or, for sellers, before or at the time of listing.
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