Agency
In Florida, 'dual agency' (where one broker represents both buyer and seller) is:
APermitted with informed written consent from both parties
BProhibited under Chapter 475 F.S. in all circumstances✓ Correct
COnly permitted for commercial transactions
DPermitted when the broker works for both parties without informing either
Explanation
Florida does not recognize dual agency in the same way as other states. Florida's transaction broker model effectively replaced dual agency. A broker cannot be a fiduciary (single agent) to BOTH parties in the same transaction — it would create a conflict of interest.
Related Florida Agency Questions
- In Florida, when must a licensee disclose their agency status to a customer (not client)?
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