Can a transaction broker tell the buyer the seller will take less?
Staff Q&A from the 63Hours team.
Ask clear questions about the Florida real estate course and learn from course-specific answers.
Can a transaction broker tell the buyer the seller will take less?
Staff Q&A from the 63Hours team.
Limited representation does not mean information is unrestricted. Florida's transaction-broker duties include limited confidentiality, unless waived in writing, covering matters such as a seller accepting less or a buyer paying more. Keep that separate from required disclosure of known, non-obvious material residential property facts. They address different kinds of information.
References
General educational information. Confirm current requirements with the relevant licensing authority.
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Discussion prompt: Is the information a negotiating position or a material property fact?