Module 4

Module 4 discusses brokerage relationships, including elements of the 1997 Brokerage Relationship Disclosure Act and its relationship with the 2003 legislative amendments, numerous definitions, relationships between real estate practitioners and consumers, brokerage relationships, agency disclosure, and consumer relationships.

When you finish reading this module you will be able to:

  1. Compare and contrast the significant elements of Florida’s 1997 Brokerage Relationship Disclosure Act with the 2003 legislative amendments.
  2. Define the terms client, customer, designated sales associate, dual agency, fiduciary, principal, single agency, subagency, and transaction brokerage.
  3. Compare and contrast the variety of relationships Florida real estate practitioners can have with real estate consumers.
  4. Describe the differences between single agency, dual agency, transaction brokerage, and no brokerage relationship.
  5. Cite the rules regarding agency disclosure.
  6. Compare and contrast being treated as a client or treated as a customer.

 

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