Designated sales associate
-
Welcome to the course!
-
The Real Estate Business
-
Law & Qualifications
-
License Law And Commission Rules
-
Authorized Relationships, Duties, And Disclosure
-
Brokerage Offices and Branch Requirements
-
Violations Of License Law, Penalties And Procedures
-
Chapter 8
-
Property Rights
-
Title, Deeds And Ownership Restrictions
-
Legal Descriptions
-
Real Estate Contracts
-
Residential Mortgages
-
Types of mortgages
-
Real Estate Related Computations And Closing Of Transactions
-
The Real Estate Markets And Analysis
-
Real Estate Appraisal
-
Real Estate Investments And Business Opportunity Brokerage
-
Taxes Affecting Real Estate
-
Planning, Zoning And Environmental Hazards
-
Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Authorized Relationships, Duties, And Disclosure
Section 26 of 31
We learned earlier that Dual Agency (representing both buyer and seller as a fiduciary) is illegal in Florida residential transactions because you can't be loyal to two opposing sides. But what if the "buyer" and "seller" are two giant corporations, like Walmart and Target, buying a shopping mall?In these high-stakes commercial deals, the parties often demand their own dedicated representation. They don't want a neutral referee (Transaction Broker); they want a shark (Single Agent) fighting for them. To solve this, Florida created a special exception called the Designated Sales Associate.In this unique scenario, the Broker acts as a neutral "adviser," but they "designate" (assign) one sales associate to act as a Single Agent for the Buyer and a different sales associate to act as a Single Agent for the Seller. This allows both parties to have their own fiduciary advocate under the same brokerage roof.
Rating
0
0
There are no comments for now.
Join this Course
to be the first to leave a comment.