Definition: A Florida transaction broker provides limited representation to a buyer, a seller, or both, without acting as either party’s single agent or fiduciary.
Example
One brokerage assists both buyer and seller as a transaction broker, owing the duties required for that relationship to each.
Keep the distinction clear
Limited representation still carries duties, including honest dealing, accounting for funds, and limited confidentiality. Florida presumes transaction brokerage unless a single-agent or no-brokerage relationship is established in writing. Transaction brokerage is not dual agency.
Related terms
Single Agent · Principal · Escrow
Keep studying
Buyer Agreements and Florida Agency
References: Florida Statutes §475.278
Pronunciation (US): tran-ZAK-shun BROH-ker (capitals show stress)
Pronunciation reference: Merriam-Webster
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