Flashcard Prompts Chapter 4: Fiduciary Relationship in Brokerage

Does a transaction broker have the duty of complete trust and confidence (fiduciary) to his customers?

Does a single agent have the duty of complete trust and confidence (fiduciary) to his principals/clients?

Can a transaction broker or single agent ever discuss with the other party the motivations of their party?

Is dual agency permitted in Florida?

Which disclosure form must be signed by the principal when the broker is transitioning from a single agent to a transaction broker relationship?

What is a fiduciary relationship?

What are the three brokerage relationship options a broker has with a member of the public?

Which brokerage relationship contains a fiduciary relationship?

When is a licensee required to disclose all known defects that affect the value of residential property?

If a contract is an 'as is' contract, does that remove the requirement of the licensee to disclose all known facts?

When is a licensee required to show the no brokerage relationship notice?