Which duty is NOT owed by a transaction broker to a buyer or seller under Florida Statute §475.278?

Which duty is NOT owed by a transaction

Multiple choice — select the best answer

ADealing honestly and fairly
BAccounting for all funds
CLoyalty
DPresenting all offers in a timely manner

✓ Correct answer: C. Loyalty Transaction brokers do not owe the fiduciary duty of loyalty (or confidentiality) because they do not represent either party exclusively. The duties of dealing honestly, accounting for funds, and presenting offers are still required of transaction brokers.

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Topic: Agency

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Which duty is NOT owed by a transaction broker to a buyer or seller under Florida Statute §475.278?

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