License Law & RulesPregunta 28 de 120
Which of the following is one of the duties a Florida single agent owes that a transaction broker does not?
a.Dealing honestly and fairly
b.Accounting for all funds
c.Disclosing known material facts affecting value
d.Loyalty and full confidentiality to the principal
Explicación
A single agent owes full fiduciary duties including loyalty, confidentiality, obedience, and full disclosure to the principal. A transaction broker owes a more limited set of duties and does not owe loyalty or full confidentiality. Both relationships require honesty, accounting, and disclosure of material facts.
Practica las 120 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Which Florida body is primarily responsible for administering and enforcing the real estate license law under Chapter 475?
- Under Florida law, a sales associate must perform licensed real estate activities under the supervision of:
- A real estate licensee who represents a buyer or seller with limited representation, not as a fiduciary, is acting as a:
- Escrow funds held by a broker must generally be:
- Commingling, a violation of Florida real estate law, refers to:
- To be eligible for an initial Florida sales associate license, an applicant must generally be at least:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con Florida Real Estate Sales Associate Licensing Exam · Cómo revisamos