What are the two additional duties that both transaction brokers and single agents owe to their customers or principals?

• A. Limited confidentiality and any additional duties mutually agreed to with the parties
• B. Full fiduciary duties
• C. Only confidentiality
• D. Limited confidentiality only

Answer: (A)

In Florida real estate practice, both a transaction broker and a single agent owe two additional duties to their customers or principals: limited confidentiality and any other duties mutually agreed to with the parties.

Limited confidentiality means the licensee won’t disclose the buyer’s or seller’s price, terms, or motivations unless the parties consent or the law requires. Beyond that, they can handle the transaction and provide information as needed, but without exposing sensitive motives or terms.

The second part—any other duties mutually agreed to—recognizes that the parties can set additional duties through their agreement, tailoring the broker’s responsibilities to the situation. This combination reflects the collaborative, non-fiduciary relationship typical of transaction brokers, while still aligning with the more formal fiduciary expectations a single agent owes to a client.

Why the other options don’t fit: full fiduciary duties aren’t owed to customers by a transaction broker, and the duties aren’t limited to confidentiality alone; the mutual-agreement aspect is also a required component of the duties.