Which transaction would require brokerage relationship disclosures under florida statute 475?

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25-08-2022
Social Studies

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Which transaction would require brokerage relationship disclosures under florida statute 475?

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Tutorconsortium319 Tutorconsortium319 · Answer 1 · 2022-09-05T09:23:29+02:00

Contract to buy undeveloped land with a one-acre residential site minimum of four acres. According to Florida Statute 475, the disclosure rules for brokerage connections apply to residential property.

What is a disclosure of a brokerage relationship?

The brokerage disclosure is a formal explanation of the broker's participation in the transaction that is signed by the potential buyer or seller of real estate.

What are the Florida brokerage relationships?

In Florida, a buyer or seller has the option of not using a real estate broker or agent to represent them. However, a broker does not need to establish a transaction broker or single agent relationship in order to assist either client in facilitating the transaction.

What information must a transaction broker disclose?

Deal honestly and fairly,
reveal all known information that has a major impact on the value of residential real estate but is not immediately visible to the buyer, and
account for all money given to the licensee.

Learn more about brokerage relationship disclosures: https://brainly.com/question/28233674

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