Agency
Which of the following is a characteristic unique to a Florida 'single agent' relationship compared to a transaction broker?
AAccounting for all funds
BUndivided loyalty and full fiduciary duties to one party✓ Correct
CPresenting all offers timely
DDisclosing known material facts
Explanation
Undivided loyalty (fiduciary duty to one party) is the key distinguishing feature of a single agent relationship. Transaction brokers provide limited representation without undivided loyalty or full fiduciary duties.
Related Florida Agency Questions
- In Florida, 'dual agency' (where one broker represents both buyer and seller) is:
- A Florida real estate licensee working as a transaction broker has which of the following duties?
- A single agent in Florida may transition to a transaction broker by:
- A Florida transaction broker's duty to 'account for all funds' means the broker must:
- Under Florida law, when a single agent broker transitions to a transaction broker in the same transaction, this requires:
- A Florida broker is serving as a transaction broker for both buyer and seller in the same transaction. What disclosure must be provided?
- An agent in Florida who misrepresents a property to induce a buyer to purchase has committed:
- Under Florida law, when must a buyer's agent provide the 'Consent to Transition to Transaction Broker' notice?
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →