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Florida Real Estate Exam

Category - Florida

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A real estate agent acting under an exclusive agency agreement signed by the seller owes a fiduciary obligation to:

The buyer
The seller
Both the buyer and the seller
Primarily to the seller and partially to the buyer

Explanation

Answer B - The real estate agent’s fiduciary obligation is to the seller. He does have the responsibility to reveal material facts to the buyer, but his loyalty and the fiduciary relationship is owed to the seller.

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