In a transaction broker relationship, the seller or the buyer is called a customer, not a principal.
In a transaction broker relationship the (customer) is not responsible for the acts of a licensee. Transaction brokers may represent both buyer and seller in a real estate transaction.
Chapter 475 defines customer to mean a member of the public who is or may be a buyer or a seller of real property and may or may not be represented by a real estate licensee.
Information is courtesy of Rowlett Real Estate School LLC and Captain Wayne Rowlett.
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We have live classroom training for our Pre Sales Associate Class in Panama City Florida and in Destin Florida every other month.