Before you read
Test yourself first: 5 questions
Question 1 of 5
Florida statute generally prohibits a brokerage from practicing which form of agency in a residential transaction?
Answer: C. Florida abolished traditional DUAL AGENCY for residential transactions; a licensee may not act as a fiduciary single agent for both buyer and seller at the same time. The transaction-broker model was created largely to fill that role without the conflicts of dual agency.
Question 2 of 5
In Florida, what is the presumed (default) brokerage relationship when a licensee deals with a member of the public?
Answer: B. Florida law presumes a transaction broker relationship, which provides limited representation and carries no fiduciary presumption.
Question 3 of 5
Under Florida's Brokerage Relationship Disclosure Act, what is the DEFAULT (presumed) brokerage relationship a licensee has with the public in a residential transaction?
Answer: B. In Florida, the transaction broker relationship is presumed by default. A licensee is treated as a transaction broker unless a single-agent or no-brokerage relationship is established and disclosed in writing.
Question 4 of 5
Which statement about Florida brokerage relationship disclosure requirements is CORRECT?
Answer: B. Because transaction broker is the default, Florida no longer requires a separate transaction-broker disclosure. However, single-agent and no-brokerage-relationship notices must be given in writing at the required time.
Question 5 of 5
Under Florida's Brokerage Relationship Disclosure Act, what is the DEFAULT brokerage relationship presumed to exist between a licensee and a member of the public in a residential sale unless another relationship is established?
Answer: B. Florida law presumes all licensees are operating as TRANSACTION BROKERS unless a single-agent or no-brokerage relationship is established in writing. This makes Florida unusual; the transaction-broker relationship provides limited representation with honest, fair dealing rather than full fiduciary loyalty.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
A transaction broker provides limited representation to a buyer, seller, or both, but does not owe the full fiduciary duties of a single agent and instead works to facilitate the transaction with honesty and fair dealing. Licensees may also act as single agents or in no-brokerage relationships, but because transaction brokerage is the default, the prior requirement to give consumers a transaction broker disclosure was eliminated.
Florida's Default Transaction Broker Agency Model: FAQs
Is Florida's Default Transaction Broker Agency Model on the real estate exam?
Yes. State License Law is a scored domain on the Florida real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Florida test this differently?
Florida applies its own license law on top of the national portion. This page covers the Florida rules specifically, which is what the state section of your exam tests.
