Agency
A Florida transaction broker must present all offers to the seller:
AOnly if the offer is above list price
BIn a timely manner unless directed otherwise by the seller in writing✓ Correct
CAt the broker's discretion based on quality of the offer
DOnly during regular business hours
Explanation
Florida transaction brokers are required to present all offers in a timely manner. A seller may instruct the broker in writing not to present offers below a certain price or after a certain date, but absent such instructions, all offers must be presented.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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