Effective July 1st, 2008 a real estate licensee who wants to act as a transaction broker isn't required to provide a transaction broker notice to a customer before or at the time of entering into a listing agreement for representation or before showing property.
Florida Statute Section 475.278 (2)(b) was amended in 2003 to provide that this transaction broker disclosure requirements would expire July 1, 2008.
Expired..interesting words describing the law!
The presumption of transaction brokerage itself is not changing.
The obligation to provide a transaction broker notice to a customer involved in a residential sale is no longer a requirement.
For CENTURY 21 Sundance Realty we will continue using until the information is made readily available to the consumer.
There has not been much written about this change and we feel that awareness will determine when we will stop!
How about you are you still giving out the transaction broker notice and do you feel that the public is fully aware...aware enough not to give it out?
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