Florida License Law
A Florida broker who accepts a commission from both buyer and seller in the same transaction without full disclosure and consent from both parties has committed:
AAn acceptable dual agency practice
BA violation of Chapter 475 F.S. — undisclosed secret profits are prohibited✓ Correct
COnly a minor ethical violation
DA violation only if the amounts differ
Explanation
Accepting commissions or compensation from both parties in a transaction without full disclosure and consent of all parties is a violation of Chapter 475 F.S. Florida law prohibits secret profits or undisclosed compensation in real estate transactions.
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