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  1. Jun 24, 2022 · Updated June 24, 2022. The laws of agency separate real estate agents into three categories: universal agents, general agents and special agents. Understanding the distinctions between these categories is essential to passing a real estate licensing exam and impacts the daily functions of real estate professionals.

  2. Sep 27, 2023 · The distinction between a general agent and a special agent lies in the scope and duration of their responsibilities. A special agent is appointed for a specific task or a particular transaction. Once the task is completed or the transaction concludes, the agency relationship typically ends.

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  4. Nov 21, 2023 · Updated: 11/21/2023. Table of Contents. Types of Agents. What is a Special Agent in Real Estate? Examples of a Special Agent in Real Estate. Lesson Summary. Frequently Asked...

  5. Mar 20, 2023 · The Basics of Florida Agency Law: Agency Relationships: In Florida, real estate agents can work as either a single agent or a transaction broker. A single agent represents only one party in a transaction, while a transaction broker represents both the buyer and the seller.

  6. Dec 26, 2023 · The key difference between real estate agents and brokers in Florida lies in their level of responsibility and autonomy. Real estate agents work under brokers, assisting clients in buying or selling properties. Brokers, with more experience and education, can operate independently and oversee agents.

  7. G A. Provides limited authority to act on a client's behalf. S A. Most real estate transactions involving a buyer and seller deal with this type of agency. S A. Property managers generally serve in this role. G A. Acts as an intermediary, but doesn't make decisions or enter into contracts on the client's behalf. S A.

  8. Real estate brokers are the people who manage real estate agents in Florida. Brokers and agents both owe certain duties under Florida law that can be limited by contract. In this video Board Certified expert business lawyer David Steinfeld explains the laws that regulate real estate brokers and agents including those that regulate transactional ...

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