There are three types of Brokerage relationships in Florida:Single agent, Transaction brokerage, and no brokerage relationship. No brokerage is pretty much self expainatory.

Single agents owe the folloring duties:

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 previously directed the licensee otherwise in writing; and

9. Disclosing all known facts that materally affect the value of residential real property and are not readily observable.

Transacton Brokerage Relationship:

1. Dealing honestly and fairly;

2. Accounting for all funds;

3. Using skill, care, and diligence in the transaction.

4. Disclose all knows facts that materially affect the value of residential real property and are not readily observable to the buyer;

5. Presenting all offers and counter-offers in a timely manner, unless a party has previously directed the licensee otherwise in writing;

6. 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 pice, that the buyer will pay a price greater than the price submitted in a wirtten offer, of the motivation of any party for selling or buyer property, that a seller or buyer will agree to financing terms other than those offered, or of any other informaton requested by a party to remain confidential; and

7. Any additional dutie hat are entered into b this or b separate writtn agreement. Limited representation means that a buyer or sellr is not responsible for the acts of the licensee. Additionally, parties are giving up their rights to the univided loyalty of the licensee. Thisaspect of limited representation allows a licenssee to falciltate a real estate transaction by assisting both the buyer and the seller, but a licesee will not work to represent on party to the detriment of the other party when acting as a transaction broker to both partises.

Simply put, a single agent has the fiduciary duties of Loyalty, Confidentiality, and Obedience to the buyer/seller they represent just as your Accountant or Solicitor/Attorney would. In other words, the agent is required by law to put himself/herself in your shoes! What better way to represent your client.

Generally, an agent who asks you to sign as a single agent will also ask you to sign an additional document that allows them to transition to transaction brokerage in the event an agent from their own frim brings a buyer/seller. In the event that happens, you will have two qualified agents ensuring the transaction is completed with the least possible problems.

One final point: a listing agent can be all three types, not simply a single agent.