TRANSACTION BROKER RELATIONSHIP

A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity or as a single agent. The duties of the real estate licensee in this limited form of representation include the following: 

(a) Dealing honestly and fairly; 
(b) Accounting for all funds; 
(c) Using skill, care, and diligence in the transaction; 
(d) Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer; (e) Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing; 
(f) Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and (g) Any additional duties that are mutually agreed to with a party.

Source: 
The 2021 Florida Statutes 475.278 

SINGLE AGENT RELATIONSHIP.— 

Single agent; duties.—The duties of a real estate licensee owed to a buyer or seller who engages the real estate licensee as a single agent include the following: 

1. Dealing honestly and fairly;
2. Loyalty; 
3. Confidentiality; 
4. Obedience; 
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 has 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.

Single agent disclosure.
Duties of a single agent must be fully described and disclosed in writing to a buyer or seller either as a separate and distinct disclosure document or included as part of another document such as a listing agreement or other agreement for representation. The disclosure must be made before, or at the time of, entering into a listing agreement or an agreement for representation or before the showing of property, whichever occurs first. When incorporated into other documents, the required notice must be of the same size type, or larger, as other provisions of the document and must be conspicuous in its placement so as to advise customers of the duties of a single agent, except that the first sentence of the information identified in paragraph (c) must be printed in uppercase and bold type.