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Does your Florida Real Estate Agent Work for You?




You might be surprised that the answer is, most likely no!  Our video explains.


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Single Agency versus Transaction Broker

Michael Renick

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

The Key to our success is You!  We understand that.  The strongest aspect of communications is listening...

Apr 26 3 minutes read

The duties of a Single Agent that must be fully described and disclosed in writing to a buyer or seller in agreements for representation include the following:

  •  Dealing honestly and fairly
  •  Loyalty
  •  Confidentiality
  •  Obedience
  •  Full disclosure
  •  Accounting for all funds
  •  Skill, care, and diligence in the transaction
  •  Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing
  •  Disclosing all known facts that materially affect the value of residential real property and are not readily observable

Disclosure of these duties must be made before or during entrance into a listing/representation agreement, or before the showing of property.


A Transaction Broker is defined as a broker who provides limited representation to a buyer, a seller or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a single agent.

This kind of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller; providing however, that a licensee should never work to represent one party to the detriment of the other party when acting as a transaction broker to both parties.

The duties of the transaction broker include the following:

  •  Dealing honestly and fairly
  •  Accounting for all funds
  •  Using skill, care, and diligence in the transaction
  •  Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer
  •  Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing
  •  Limited confidentiality, unless waived in writing by a party, that prevents disclosure of the motivation of any party for selling or buying property, any party's willingness to agree to financing terms other than those offered, or of any other information requested to remain confidential
  •  Any additional duties that are mutually agreed to with a party

Section 475.278(1)(b), Florida Statutes, presumes that a licensee is operating as a transaction broker, unless the customer and broker establish a single agent or no brokerage relationship, in writing.


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