Agency
A Florida buyer has signed a buyer representation agreement with Broker ABC. The buyer sees a home listed by Broker XYZ that they want to purchase. Broker ABC contacts Broker XYZ to show the property. In this scenario:
ABroker ABC cannot show properties listed by other brokers
BBroker XYZ represents the seller and Broker ABC represents the buyer — each acting as single agents for their respective clients✓ Correct
CBroker XYZ must become a transaction broker since another broker is involved
DBoth brokers automatically become dual agents
Explanation
This is cooperative selling in Florida. Broker XYZ is the listing broker representing the seller; Broker ABC is the buyer's broker representing the buyer.
Related Florida Agency Questions
- When must a Florida licensee provide the 'Consent to Transition to Transaction Broker' notice?
- Under Florida's Brokerage Relationship Disclosure Act, the default brokerage relationship (when no written agreement exists) is:
- In Florida, a single agent owes which of the following duties to their principal?
- A Florida seller's agent discovers that the property has a serious foundation problem the seller has not disclosed. The agent should:
- The duty of 'confidentiality' owed by a Florida single agent requires the agent to:
- In Florida, which relationship requires the MOST extensive written disclosure — the Single Agent Disclosure, the Transaction Broker Notice, or the No Brokerage Relationship Notice?
- A buyer in Florida signs a buyer broker agreement that provides for 'exclusive buyer agency.' This means the buyer:
- A Florida transaction broker provides limited representation. Which duty does a transaction broker NOT owe to the parties?
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