License Law & RulesQuestion 42 of 120
Which of the following best describes a 'designated sales associate' arrangement permitted in Florida?
a.One associate secretly represents both buyer and seller
b.Two associates in the same firm each represent a different party as single agents in certain nonresidential transactions
c.An unlicensed assistant negotiates the deal
d.The broker personally guarantees the sale price
Explanation
In certain nonresidential transactions where both parties meet asset thresholds, a broker may appoint two designated sales associates to each represent a different party as a single agent. This allows single-agent representation within one firm. It is a specific, limited exception under Florida law.
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