Agency and how you are represented
Choices, choices. You can choose to have your agent work as a single agent or as a transaction agent. Below are the differences between the two. The State of Florida makes exception to the consumer choosing agency, where single agency transitions to transaction agency. Your agent will let you know if and when this situation arises. There is also the option of no representation with no or limited services.
| S. No | Your agents duties to you | Transaction Agent | Single Agent |
| 1 | Loyalty |  |
|
| 2 | Obedience | |
|
| 3 | Confidentiality; | |
|
| 4 | Dealing honestly and fairly; | |
|
| 5 | Full disclosure; | |
|
| 6 | Accounting for all funds; | |
|
| 7 | Skill, care, and diligence in the transaction; | |
|
| 8 | Presenting all offers and counteroffers in a timely manner, unless a party ha previously directed the licensee otherwise in writing; and | |
|
| 9 | Disclosing all known facts that materially affect the value of residential real property and are not readily observable. | |
|