Prior to agency laws, it was assumed that all real estate licensees automatically worked for sellers by virtue of the listing contract. Over the years, the relationship between real estate licensees, sellers, and buyers has undergone many changes. Historical Perspective of Agency Relationships List the events that will cause an agency relationship to be terminated.Describe the disclosure requirements for non-residential transactions where the buyer and seller have assets of $1 million or more.Know the procedure for the transition from a single agent to a transaction broker.Describe the disclosure procedures for the various authorized relationships.List and describe the duties owed in the various authorized relationships.

Distinguish among the three forms of authorized brokerage relationships.Describe the procedure for giving the Notice of Non-representation when the first contact is not a face-to-face meeting and the events that do not constitute the first contact according to F.S.Describe the required content and format of the various disclosure forms.Describe which provisions of the Brokerage Relationship Disclosure Act apply only to residential real estate sales and list types of real estate activities that are exempt from the disclosure requirements.

Transaction broker agency relationship