When incorporated into other documents, the required notice must be of the same size type, or larger, as other provisions of the document and must be conspicuous in its placement so as to advise customers of the duties of a single agent, except that the first sentence of the information identified in paragraph (c) must be printed in uppercase and bold type. The disclosure must be made before, or at the time of, entering into a listing agreement or an agreement for representation or before the showing of property, whichever occurs first. Single agent duties.-The duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a single agent include the following:ħ. Skill, care, and diligence in the transaction Ĩ. Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing andĩ. Disclosing all known facts that materially affect the value of residential real property and are not readily observable.ĭuties of a single agent must be fully described and disclosed in writing to a buyer or seller either as a separate and distinct disclosure document or included as part of another document such as a listing agreement or other agreement for representation. (g) Any additional duties that are mutually agreed to with a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential and held that the broker does not earn the commission until the transaction is. (f) Limited confidentiality, unless waived in writing by a party. inclusion in Florida Law Review by an authorized editor of UF Law Scholarship. (e) Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing (d) Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer In a transaction broker relationship, a buyer or seller is not responsible for the acts of a licensee. (c) Using skill, care, and diligence in the transaction (l) Transaction broker means 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. The duties of the real estate licensee in this limited form of representation include the following: (S ection 475. Agricultural property is considered residential only if it is 10 acres or less, so these requirements do not apply to agricultural property larger than 10 acres. A transaction broker provides a limited form of 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. Brokerage relationship disclosure requirements apply to residential transaction s.
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