What additional duties are provided specifically by a transaction broker?

• A. Fiduciary relationship; Full confidentiality, obedience, loyalty, full disclosure
• B. No additional duties
• C. Only confidentiality
• D. Only disclosure

Answer: (A)

In Florida, a transaction broker provides limited representation in a real estate transaction and does not assume fiduciary duties to either party. The duties of a transaction broker center on handling the process fairly and honestly, rather than loyalty or advocacy to a single party.

This means the transaction broker must deal honestly and fairly with all parties, present all offers and counteroffers, and use reasonable care and skill. They also must disclose known facts that materially affect the value of the property and account for funds involved in the transaction. These duties are designed to facilitate the transaction for both sides without creating a client-agent fiduciary relationship.

The option describing a fiduciary relationship with full confidentiality, obedience, loyalty, and full disclosure reflects the duties of a single agent, not a transaction broker. The other choices are incomplete because a transaction broker does have several duties beyond confidentiality or disclosure, but they are not fiduciary in nature.