Definition: A designated sales associate is assigned by a Florida broker to act as a single agent for a customer in a qualifying nonresidential transaction under section 475.2755.
Example
In a qualifying warehouse sale, buyer and seller each have at least $1 million in assets and sign the required requests and disclosures for separate designated associates.
Keep the distinction clear
The threshold concerns each party's assets, not the property price or their combined wealth. The special arrangement requires the statutory conditions and confidentiality disclosures; simply assigning two associates is insufficient.
Related terms
Single Agent · Dual Agency · Broker
Keep studying
Buyer Agreements and Florida Agency: What Changed?
References: Florida Statutes 475.2755: designated sales associates
Pronunciation (US): DEZ-ig-nay-tid saylz uh-SOH-shee-uht (capitals show stress)
Pronunciation reference: Merriam-Webster
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