No Brokerage Relationship
A Florida brokerage status in which a licensee deals with a buyer or seller as a customer and owes only three limited duties.
Under a no brokerage relationship, the licensee does not represent the buyer or seller at all. The person is treated as a customer, not a client. This status must be disclosed in writing before, or at the time of, showing property.
The licensee owes only three duties: deal honestly and fairly, disclose all known facts that materially affect the value of residential real property and are not readily observable to the buyer, and account for all funds entrusted to the licensee. There is no duty of loyalty, confidentiality, or obedience.
On the exam
Exam trap
Tested in
Authorized Relationships (7% of the exam)
From definition to recall
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Try 5 free questionsRelated terms
- Transaction Broker
Florida's default brokerage relationship, in which a licensee gives limited representation to a buyer or seller without full fiduciary duties.
- Single Agent
A licensee who represents one party, the buyer or the seller, with full fiduciary duties under Florida law.
- Material Fact
A fact that affects the value or desirability of property and that a licensee must disclose if it is not readily observable.
This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.