Definition: A single agent represents one party in a real estate transaction in a fiduciary capacity. In Florida, this relationship includes duties such as loyalty, confidentiality, obedience, and full disclosure.
Example
A seller engages a brokerage as a single agent to represent the seller in the sale.
Keep the distinction clear
Single agency concerns the legal relationship, not how many licensees work at the brokerage. Florida prohibits dual agency. A change from single agency to transaction brokerage requires the principal’s prior written consent.
Related terms
Principal · Transaction Broker
Keep studying
Buyer Agreements and Florida Agency
References: Florida Statutes §475.278
Pronunciation (US): SING-guhl AY-juhnt (capitals show stress)
Pronunciation reference: Merriam-Webster
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