Скачать или смотреть Rowlett Real Estate School - Brokerage Relationship Disclosure Requirements - Florida Real Estate

Rowlett Real Estate School - Brokerage Relationship Disclosure Requirements - Florida Real Estate

Disclosure Format. The duties of the single agent relationship and nonrepresentation must be fully described and disclosed in writing to a buyer or a seller, either as a separate and distinct disclosure document or included as part of another document, such as a listing agreement or buyer broker agreement. If the disclosure document is incorporated into a listing or buyer broker agreement, a signature line must be inserted immediately following the disclosure information. It is not sufficient to only have a signature line at the bottom of the listing or buyer broker agreement.

When incorporated into other documents, the required disclosure notice must be of the same size as, or larger type than, other provisions of the document and must be conspicuous in its placement to advise customers (or principals in a single agent relationship) of the brokerage duties. The first sentence must be printed in uppercase and bold type. The list of duties must be presented on the disclosure in the same order as listed in the statute. The disclosure notice may include information concerning the real estate brokerage, such as the company name and logo, address, phone number, email address, etcetera.

Transaction Broker. Under Florida law, it is presumed that all licensees are operating as transaction brokers unless another brokerage relationship is established. Therefore, unless
another brokerage relationship is established, there is no requirement to give a written disclosure to the buyer and/or the seller. However, licensees must fulfill the duties of a
transaction broker when that form of representation is selected.

Single Agent. The single agent disclosure must be made before, or at the time of, entering into a listing agreement or an agreement for representation, or before the showing of property, whichever occurs first.

Nonrepresentation. The no brokerage relationship notice must be disclosed in writing before the showing of property.

Record keeping and Retention of Disclosure Documents. Brokers must retain brokerage relationship disclosure documents for five years for all residential transactions that result
in a written contract to purchase and sell real property. Documents may be stored in a digital format. Files of properties that have failed to close must also be retained. If a transaction fails to close, the licensee should retain the brokerage relationship disclosure documents with the purchase and sale contract and other documents associated with the property and place them in the “dead” (failed to close) file. The Commission may discipline a licensee for failure to abide by any provision in Section 475.278, F.S., including the duties owed to customers and principals, disclosure requirements, and record keeping requirements set forth in law.
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Rowlett Real Estate School is a family-owned and operated, FREC-approved, fully-accredited Florida real estate school based in the Panhandle of Florida. We specialize in educating and assisting students with all aspects of obtaining/maintaining their Florida real estate license. Providing excellent customer service is our top priority. Above all, we understand the importance of making ourselves available to our students. As a result, you may reach our instructors during regular business hours. Likewise, our knowledgeable staff is available after hours, weekends, and holidays.