Agency
Under Florida's single agent relationship, which duty requires the broker to disclose all known facts that materially affect the value of residential property?
ALoyalty
BConfidentiality
CFull disclosure✓ Correct
DAccounting
Explanation
The 'full disclosure' duty in a single agent relationship requires disclosure of all known facts materially affecting the value of residential real property that are not readily observable. This duty exists regardless of agency relationship type under Johnson v.
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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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