dual agent: Dual Agent in Florida
- 09/18/12 11:36 AM
It is illegal in Florida for a real estate licensee to operate as a dual agent. The term dual agent means a broker who represents as a fiduciary both the prospective buyer and the prospective seller in a real estate transaction. When a broker represents a buyer or a seller as a fiduciary, the broker is in a relationship of trust and confidence between the broker as agent and either the seller or the buyer as principal.
A fiduciary relationship is created when a real estate broker accepts employment as a single agent of the seller or the … (2 comments)
dual agent: Residential Real Estate Transactions
- 05/28/11 02:15 AM
Chapter 475 mandated certain duties and obligations in each type of brokerage relationship that apply to all real estate transactions. However, written disclosures are required only when dealing in residential real estate transactions. Licensees are no longer required to give customers a written disclosure when a transaction broker relationship is chosen. Information is courtesy of Rowlett Real Estate School LLC and Captain Wayne Rowlett. For information on our classroom courses and online courses visit our website at www.rowlettrealestateschool.com Check out our website for a full line up of Online real estate courses including our traditional Live Classroom Training.We have live classroom … (0 comments)
dual agent: Dual Agency in Florida
- 05/28/11 02:11 AM
It is illegal in Florida for a real estate licensee to operate as a dual agent. Dual Agency means a broker who represents as a fiduciary to both the buyer and the seller in a real estate transaction Fiduciary is a relationship of trust and confidence between broker as agent and the principal. Florida law prohibits a broker from creating a fiduciary relationship with both the buyer and the seller Information is courtesy of Rowlett Real Estate School LLC and Captain Wayne Rowlett. For information on our classroom courses and online courses visit our website at www.rowlettrealestateschool.com Check out our website for a … (2 comments)
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