Agency
A Florida real estate broker may operate with no brokerage relationship when dealing with a customer. In this case, the broker:
AHas no duties to the customer
BMust deal honestly and fairly, disclose known facts, and account for funds — but owes no fiduciary duties✓ Correct
COwes full fiduciary duties just like a single agent
DCannot show property to that customer
Explanation
Under Florida's no brokerage relationship status, the broker owes the customer limited duties: dealing honestly and fairly, disclosing known material facts, and accounting for any funds. No fiduciary duties (loyalty, obedience, full disclosure) apply.
Related Florida Agency Questions
- A Florida real estate salesperson is asked by their broker to commit an act that violates Chapter 475 F.S. The salesperson should:
- A Florida buyer's agent discovers their buyer wants to make an extremely low offer to 'lowball' the seller. The agent should:
- A Florida listing broker receives two offers simultaneously — one from a buyer represented by the listing broker's own company and one from an outside company. The broker's duty is to:
- A Florida licensee using the 'transaction broker' form of representation has obligations to the seller. When the seller asks the transaction broker not to disclose that the roof leaks, the broker:
- A Florida transaction broker must present all offers to the seller:
- A Florida seller's agent fails to disclose a known material defect to a buyer. The buyer purchases the property and later sues. Who may be liable?
- A Florida broker who is the buyer's single agent learns that the property has a serious foundation problem the listing agent didn't mention. The broker's primary duty is to:
- A Florida buyer's agent signs a 'buyer representation agreement' with a buyer. This agreement creates:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →