What Is Transaction Broker?
A brokerage relationship in which the licensee provides limited representation to a buyer and/or seller without full fiduciary duties, facilitating the transaction while remaining honest and dealing fairly with both.
Transaction Broker across 2 exams
Transaction Broker appears on the following exams. Each defines it in the context candidates are tested on:
- FL Sales Associate
- A brokerage relationship in which the licensee provides limited representation to a buyer and/or seller without full fiduciary duties, facilitating the transaction while remaining honest and dealing fairly with both.
- FL Broker
- A broker who provides limited representation to a buyer, a seller, or both in a transaction without becoming a fiduciary for either party. This is Florida's presumed brokerage relationship unless another is established in writing.