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Florida Statutes Title XXXII. Regulation of Professions and Occupations § 475.272. Purpose

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Florida Statutes Title XXXII. Regulation of Professions and Occupations § 475.272. Purpose - last updated January 01, 2025 | https://codes.findlaw.com/fl/title-xxxii-regulation-of-professions-and-occupations/fl-st-sect-475-272/

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