Principles of Real EstateQuestion 2 of 120
Under Florida law, what is the default brokerage relationship presumed when a licensee deals with a member of the public?
a.Single agent for the buyer
b.Transaction broker
c.No brokerage relationship
d.Dual agent
Explanation
Florida's brokerage relationship law presumes a transaction broker relationship unless the parties establish another relationship in writing. A transaction broker provides limited representation to a buyer or seller but does not owe full fiduciary duties. This default was designed to reduce confusion over agency. Specific statutory details can change, so verify current Chapter 475 provisions.
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