agency
Transaction Broker (Florida)
Florida's presumed brokerage relationship when no single agent or no brokerage relationship is established in writing. A transaction broker gives limited representation to a buyer, seller, or both and is not a fiduciary. Under s. 475.278(2) it owes seven duties: honesty and fair dealing, accounting for funds, skill, care, and diligence, disclosing known material defects in residential property, timely presenting offers, limited confidentiality, and any additional agreed duties. A single agent may change to transaction broker only with the principal's prior written Consent to Transition.
- Exam tip
- A transaction broker does not owe loyalty, obedience, full disclosure, or full confidentiality. Florida prohibits dual agency, so in-house sales use transition to transaction broker.
- Example
- A seller tells a transaction broker she would take $380,000 on a $400,000 condo. The broker may not tell the buyer, but must disclose a hidden roof leak.
Related terms & state variants
Sources
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Last verified: 2026-10-23