Agency
In Florida, a real estate agent who represents a buyer and helps them purchase a home being sold by the agent's own relative (who the agent did not list) must:
AWithdraw from the transaction
BDisclose the relationship to the buyer client✓ Correct
CNo disclosure is required for non-listed properties
DGet FREC approval
Explanation
A Florida agent has a duty of full disclosure to their client. Any personal or family relationship that could create a conflict of interest (such as the seller being the agent's relative) must be disclosed to the buyer client so they can make an informed decision.
People Also Study
Related Florida Questions
- A Florida real estate agent recommends a specific home inspector to their buyer client. If the agent has a business relationship or financial interest in the inspection company, the agent must:Agency
- A Florida property manager who mixes client funds with their personal or operating funds has committed:Property Management
- Under Florida real estate law, 'full disclosure' as a single agent duty means:Agency
- A Florida buyer's contract includes a 'home sale contingency,' meaning the buyer's purchase is contingent on selling their current home. If the seller accepts another offer and wants to invoke the kick-out clause, the seller must:Contracts
- A Florida real estate broker who uses email to provide the required brokerage relationship disclosure to a prospective client:Agency
- A Florida broker who represents the buyer in purchasing a foreclosed home from a bank should provide which disclosure to the buyer?Agency
- A Florida broker who holds client funds in their personal bank account is guilty of:Florida License Law
- A Florida couple purchases a home as 'joint tenants with right of survivorship.' One spouse later conveys their interest to a third party without the other's consent. The joint tenancy is:Property Ownership
Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
AgencyA 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.
State-Specific Concepts
FREC Regulation
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 →