Brokerage Relationship Disclosure Form - Florida Association of Realtors - Florida

The Brokerage Relationship Disclosure Form is used in Florida by the Florida Association of Realtors to disclose the different types of brokerage relationships that can exist between real estate agents and their clients. It is designed to inform and educate clients about the various ways agents can represent them in a real estate transaction.

In Florida, the Brokerage Relationship Disclosure Form is typically filed by the real estate agent or broker involved in the transaction. It is not explicitly specified that the Florida Association of Realtors files this form.

FAQ

Q: What is the Brokerage Relationship Disclosure Form?A: The Brokerage Relationship Disclosure Form is a document provided by the Florida Association of Realtors that outlines the various types of brokerage relationships that can exist between a real estate agent and a client.

Q: Why is the Brokerage Relationship Disclosure Form important?A: The form is important because it helps establish transparency and clear understanding of the roles and responsibilities of both the real estate agent and the client in a real estate transaction.

Q: What are the different types of brokerage relationships mentioned in the form?A: The form mentions three types of brokerage relationships: Transaction Broker, Single Agent, and No Brokerage Relationship.

Q: What is a Transaction Broker?A: A Transaction Broker is a real estate agent who provides limited representation to both the buyer and seller in a transaction, without being an advocate for either party.

Q: What is a Single Agent?A: A Single Agent is a real estate agent who represents either the buyer or the seller exclusively, and owes fiduciary duties to that party.

Q: What is a No Brokerage Relationship?A: A No Brokerage Relationship means that the real estate agent is working as a facilitator and does not represent either party in the transaction.

Q: Do I need to sign the Brokerage Relationship Disclosure Form?A: Yes, Florida law requires that both the buyer and seller sign the form to acknowledge their understanding of the brokerage relationship.

Q: Can I choose the type of brokerage relationship I want?A: Yes, as a client, you have the right to choose the type of brokerage relationship you want with your real estate agent.

Q: What if I have questions about the form?A: If you have any questions about the form, it is recommended to consult with a real estate attorney or your real estate agent for clarification.