FRECI_4-3 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 4 – Lecture 3 Authorized Relationships, Duties, and Disclosure Copyright, 2004 2 Lecture Preview What will you learn from this lecture? Recap legal broker relationships Exclusions to disclosure requirement Transitioning to transaction broker Terminating relationships Copyright, 2004 3 Vocabulary Terms Designated sales associate Dual agency Eminent domain Revocation Transitioning Copyright, 2004 4 Broker Relationships in Florida Duties to: Timely present all offers Skill, care and diligence Customer Principal Customer Disclosure of all known facts affecting value Accounting for funds Honesty and Fairness None Single Agency Trans- action Brokerage Relationship: Copyright, 2004 5 Broker Relationships in Florida Customer Principal Customer Additional Duties of a Fiduciary: Full Disclosure Obedience Loyalty Limited Confidentiality None Single Agency Trans- action Brokerage Relationship: Copyright, 2004 6 Are you… What Written Disclosure Must You
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

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FRECI_4-3 - Lecture Preview Florida Real Estate Commission...

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