[meemawhoney]

Four different disclosure notices may be given to buyers or sellers of residential property:

1. Transaction Broker Relationship - Under the law, licensees are prsumed to be transaction brokers. A transaction broker provides limited representation to a buyer, a seller, or both in a real estate transaction, but does not represent either in a fiduciary capacity. The licensee must treat the parties fairly and not work with one party to the detriment of the other.

2. Single Agent Relationship - Who represents as a fiduciary, either the buyer or seller but not both in the same transaction.

3. Consent to Transaction to Transaction Broker-When a single agent for one party begins working with a party who is likely to be on the other side of the transaction, it is likely that the agent will change to a transaction broker to treat both parties fairly. The single agent who becomes a transaction broker may not disclose to another party any information gained while a single agent. Their must be a Consent to Transaction to Transaction Broker notice and it must be signed before or at the time of changing the brokerage relationship from single agent to transaction broker.

4. No Brokerage Relationship - Licensees working with a customer without a brokerage relationship owe the customer the following duties: Dealing honestly and fairly, Disclosing all known facts that materially affect the value of the residential real property that are not readily observable to the buyer, and accounting for all funds entrusted to the licensee.
A licensee must give a No Brokerage Relationship Notice to the party the licensee works with but does not represent. The disclosure must be given to all prospective buyers and sellers of residential properties before showing them.

To sum it up, the law requires that all brokers must disclose their brokerage relationships to all customers in residential real estate sales at time of contact.

Hope this helps to answer some questions regarding all brokers who sell residential real estate.

YOU NEED TO MAKE SURE THAT THE BROKER GIVES YOU ONE OF THESE DISCLOSURES WHEN YOU CONTACT THEM TO PURCHASE RISIDENTIAL REAL ESTATE. IT IS A FLORIDA LAW.

THIS IS A QUOTE FROM THE REAL ESTATE LAW OF FLORIDA.