Single Agency is a type of representation offered in Florida by real estate brokers.
It's important to note that the Broker chooses how the Associates/Realtors can represent their customers, so the Realtor makes their choice when they work for the Broker.
As a Single Agent, (and I am one) I owe my buyers and sellers the following duties:
- Dealing honestly & fairly
- Full Disclosure
- Accounting for all funds
- Skill, care & diligence in the transaction
- Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing
- Disclosing all known facts that materially affect the value of residential real property and are not readily observerable.
You can see the differences between Transaction Broker are in bold, and if you missed my post about Transaction Brokerage, you can read it here: Transaction Brokerage.