Skip to content
Sign in
Artwork for Real Estate Exam Prep
Real Estate Exam Prep · August 12 · 3 min

Florida Real Estate Exam Prep 12, No Brokerage Relationship Duties

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The three specific duties owed in a Florida no-brokerage relationship: honesty and fairness, disclosure of non-obvious material facts in residential sales, and accounting for funds. - The legal requirement to provide the No Brokerage Relationship Notice in writing before showing a property. - Key differences between the duties of a no-brokerage licensee and a transaction broker, particularly regarding the presentation of offers and the use of skill, care, and diligence. - Why fiduciary duties like loyalty, obedience, and full confidentiality are strictly limited to single-agent relationships and are common distractors on exam questions. - That the disclosure of material facts is specific to residential properties and only for defects that are not readily observable to a buyer. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

0:00-3:14
Play in

transcript

No transcript — this publisher did not publish one.

show notes

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The three specific duties owed in a Florida no-brokerage relationship: honesty and fairness, disclosure of non-obvious material facts in residential sales, and accounting for funds.
- The legal requirement to provide the No Brokerage Relationship Notice in writing before showing a property.
- Key differences between the duties of a no-brokerage licensee and a transaction broker, particularly regarding the presentation of offers and the use of skill, care, and diligence.
- Why fiduciary duties like loyalty, obedience, and full confidentiality are strictly limited to single-agent relationships and are common distractors on exam questions.
- That the disclosure of material facts is specific to residential properties and only for defects that are not readily observable to a buyer.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

more episodes

All episodes