Florida — Authorized Relationships, Duties & Disclosures — Florida Real Estate — State Law Practice Test
22 questions in this topic · 22 drawn at random this round
A Florida transaction broker provides only 'limited confidentiality' to the parties. Under §475.278(2)(f) FS, which of the following pieces of information is protected by that limited confidentiality unless waived in writing?
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This Florida Real Estate — State Law Florida — Authorized Relationships, Duties & Disclosures practice set has 22 practice questions based on the official exam materials, each with an instant explanation.
Sample questions
Three questions from the Florida — Authorized Relationships, Duties & Disclosures bank with the correct answer and an explanation. The practice quiz above draws 22 questions at random from the same bank.
Under Florida law, if a licensee has not established a single agent or no-brokerage relationship in writing with a customer, which brokerage relationship is the licensee presumed to be operating under?
- Transaction broker — Correct answer
- Single agent
- Disclosed dual agent
- Intermediary
Explanation: Under §475.278(1)(b) FS it is presumed that all Florida licensees operate as transaction brokers unless a single agent or no-brokerage relationship is established in writing. This default is unique to Florida — California uses disclosed dual agency and Texas uses the intermediary, neither of which is Florida's default. Transaction broker（交易经纪人）: Florida's presumed/default brokerage relationship. (§475.278 FS)
Handbook: Florida Authorized Relationships — presumed/default relationship (§475.278(1)(b) FS)
Florida's presumed default brokerage relationship (transaction broker) is different from the default used in some other states. Which relationship is the DEFAULT model in Florida and NOT in California or Texas?
- Transaction broker — Correct answer
- Disclosed dual agency
- Statutory intermediary
- Subagency
Explanation: Florida is distinctive: §475.278 FS makes the transaction broker the presumed relationship. California's framework centers on disclosed dual agency and Texas on the statutory intermediary — those are valid only in their own states and must never be treated as Florida law. In Florida, dual agency is in fact prohibited. Transaction broker（交易经纪人）: FL default; dual agency（双重代理）: a CA concept, prohibited in FL. (§475.278 FS)
Handbook: Florida Authorized Relationships — FL default vs other states (§475.278 FS)
A Florida single agent owes the customer the full set of fiduciary duties. Which of the following is one of those single-agent fiduciary duties under §475.278 FS?
- Loyalty — Correct answer
- Limited confidentiality
- Limited representation only
- No duty of obedience
Explanation: Under §475.278(3)(a) FS the single agent owes loyalty as one of the enumerated duties, along with dealing honestly and fairly, confidentiality, obedience, full disclosure, accounting for all funds, and skill, care, and diligence — the classic seven fiduciary duties. 'Limited confidentiality' belongs to the transaction broker, not the single agent. Single agent（单一代理）: a fiduciary who owes loyalty and full confidentiality. (§475.278(3)(a) FS)
Handbook: Florida Authorized Relationships — single-agent fiduciary duties (§475.278(3)(a) FS)