Florida Real Estate Practice Exam

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Get ready for the Florida Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Prepare with confidence!

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What is NOT true regarding Florida's transition to transaction broker disclosure?

A single agent relationship may change to a transaction broker relationship at any time.
Buyers may not ask their single agent to switch to the role of a transaction broker.
The change in duties owed needs to be fully explained and disclosed in writing.
This notice must be given before a licensee can provide representation to both the seller and buyer.

The correct answer is: Buyers may not ask their single agent to switch to the role of a transaction broker.

Florida's transition to transaction broker disclosure allows for a single agent relationship to change to a transaction broker relationship at any time (A). Both parties involved must agree to this change before it can occur. However, buyers are still able to request for their single agent to switch to the role of a transaction broker if they so choose (B). This is because the relationship between the licensee and the client is ultimately based on mutual consent. The change in duties owed from a single agent to a transaction broker must be fully explained and disclosed in writing (C), and this notice must be given before a licensee can provide representation to both the seller and buyer (D). Therefore, out of all the options, the statement that is not true is B.