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Which statement is correct regarding disclosed dual agency in Florida?

1) Disclosed dual agency is not allowed in Florida
2) Disclosed dual agency is allowed in Florida
3) Disclosed dual agency is required in Florida
4) Disclosed dual agency is optional in Florida

User Rodgobbi
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1 Answer

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Final answer:

Disclosed dual agency is allowed in Florida as long as both the buyer and seller provide written disclosure and consent. Option 2 is correct.

Step-by-step explanation:

The correct statement regarding disclosed dual agency in Florida is option 2) Disclosed dual agency is allowed in Florida.

Dual agency is a situation in real estate where a real estate agent represents both the buyer and the seller in a transaction. Disclosed dual agency occurs when both parties to the transaction are aware of and consent to the dual agency. In Florida, disclosed dual agency is allowed as long as the agent provides written disclosure to and obtains written consent from both the buyer and the seller.

It's important to note that not all states allow disclosed dual agency, and the rules and regulations regarding dual agency can vary from state to state. In some states, such as California, dual agency is allowed but requires the agent to obtain the informed written consent of both parties.

User Pmaruszczyk
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