Practice Quiz

Florida Real Estate Exam

Category - Florida

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If a real estate licensee is working in a non-representative role with a seller, can he provide the seller a CMA?

  1. No, providing a CMA for a seller can only be done in a transaction broker or single agent capacity.
  2. No, providing a CMA would constitute a fiduciary relationship with the seller.
  3. Yes, provided the seller signs a notice that states that the seller signs a notice that states that the seller will not construe the CMA to create an agency relationship.
  4. Yes, there is no restriction in Chapter 475, F.S., to prevent a licensee from preparing a CMA from a buyer or seller.
Explanation
Answer D - The licensee working in a non-representative capacity may provide a CMA to a buyer or seller; however, the licensee should refrain from making recommendations or consulting with the buyer or seller when in a non-representative role and may not represent the CMA as an appraisal.

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