Monday, January 08, 2007

Understanding The Agency Rules of Florida

Florida agency law overall is very favorable to consumers-buyers and sellers of real property in the state. Buyers and sellers do not have to face the prospect of dual agency, which is still legal in some states, thus avoiding potentially serious conflict of interest issues. Notice and disclosure requirements that are imposed upon licensed agents are clear and specific. In addition, the types of agency relationships that are allowed, single agency or transaction brokerage relationships, are clearly defined, and the duties to consumers imposed upon single agents or transaction brokers are established in detail. more info...

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