Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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Which two duties of the transaction broker are shared with the single agent?

  1. Account for all funds and obedience

  2. Confidentiality and full disclosure

  3. Maintain limited confidentiality and deal honestly and fairly

  4. Present all offers and use skill, care, and diligence

The correct answer is: Present all offers and use skill, care, and diligence

A transaction broker, unlike a single agent, does not have the same fiduciary duties to their clients. However, two duties that both a transaction broker and a single agent have in common are presenting all offers to the client and using skill, care, and diligence in their representation. This is because both types of agents have a responsibility to act in the best interest of their client and provide them with all relevant information. Options A, B, and C are incorrect because they only pertain to duties of a single agent, not a transaction broker.

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