Contracts
Under Florida law, a real estate licensee who is a principal in a transaction (buying or selling their own property) must:
AResign their license for the duration of the transaction
BDisclose their licensed status to all other parties in writing✓ Correct
CUse a separate broker for all negotiations
DFile a disclosure report with FREC within 10 days
Explanation
A Florida licensee who is a buyer or seller (principal) in a real estate transaction must disclose their licensed status in writing to all other parties. This is required by FREC Rule 61J2 and is meant to ensure transparency.
Related Florida Contracts Questions
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