Agency
A Florida licensee who represents only the seller in a transaction is acting as a:
ATransaction broker
BSingle agent for the seller✓ Correct
CDual agent
DNon-representative
Explanation
A single agent in Florida represents only one party (either buyer or seller) and owes that party full fiduciary duties including undivided loyalty, confidentiality, obedience, full disclosure, and accounting.
People Also Study
Related Florida Questions
- A Florida licensee's fiduciary duties under a single agent relationship include 'obedience.' This duty means the licensee must:Agency
- In Florida, a single agent owes which of the following duties to their principal?Agency
- Under Florida real estate law, 'full disclosure' as a single agent duty means:Agency
- A Florida licensee who is a 'non-representing broker' owes which of the following duties?Agency
- Under Florida law, a licensee may accept a referral fee or compensation from a party other than their employing broker only if:Florida License Law
- A Florida property manager's fiduciary duties to the property owner include all of the following EXCEPT:Property Management
- 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:Florida License Law
- When must a Florida real estate licensee disclose their licensed status to a party in a transaction where the licensee has a personal interest?Florida License Law
Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →