Fla. Stat. § 475.272 : Regulation Of Professions And Occupations — Real Estate Brokers, Sales Associates, Schools, And Appraisers — Purpose

  • Date:

Current through Chapter 269 of the 2016 Legislative Session

In order to eliminate confusion and provide for a better understanding on the part of customers in real estate transactions, the Legislature finds that the intent of the Brokerage Relationship Disclosure Act is to provide that:

(1) Disclosed dual agency as an authorized form of representation by a real estate licensee in this state is expressly revoked;
(2) Disclosure requirements for real estate licensees relating to authorized forms of brokerage representation are established;
(3) Single agents may represent either a buyer or a seller, but not both, in a real estate transaction; and
(4) Transaction brokers provide a limited form of nonfiduciary representation to a buyer, a seller, or both in a real estate transaction.
Fla. Stat. § 475.272
s.3, ch. 97-42; s.8, ch. 98-250; s.5, ch. 99-384.
SECTIONS