Florida Real Estate Practice Exam

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Prepare for the Florida Real Estate Exam with comprehensive quizzes and study material. Access flashcards and multiple-choice questions designed to help you master essential concepts. Get ready to pass your exam with confidence!

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Which type of broker does NOT require a fiduciary capacity in a real estate transaction?

Buyer's agent
Seller's agent
Transactional broker
Sub-agent

The correct answer is: Transactional broker

A transactional broker does not require a fiduciary capacity because they do not represent either the buyer or seller exclusively. They simply facilitate the transaction, without any obligation to advocate for one party over the other. Both a buyer's agent and a seller's agent have a fiduciary responsibility to their respective clients, and a sub-agent has a fiduciary responsibility to the original agent and their client.