Florida law on this subect is:
(b)Presumption of transaction brokerage.â€”It shall be presumed that all licensees are operating as transaction brokers unless a single agent or no brokerage relationship is established, in writing, with a customer.
(2)TRANSACTION BROKER RELATIONSHIP.â€”A transaction broker provides a limited form of representation to a buyer, a seller, or both in a real estate transaction but does not represent either in a fiduciary capacity or as a single agent. The duties of the real estate licensee in this limited form of representation include the following:
(a)Dealing honestly and fairly;
(b)Accounting for all funds;
(c)Using skill, care, and diligence in the transaction;
(d)Disclosing all known facts that materially affect the value of residential real property and are not readily observable to the buyer;
(e)Presenting all offers and counteroffers in a timely manner, unless a party has previously directed the licensee otherwise in writing;
(f)Limited confidentiality, unless waived in writing by a party. This limited confidentiality will prevent disclosure that the seller will accept a price less than the asking or listed price, that the buyer will pay a price greater than the price submitted in a written offer, of the motivation of any party for selling or buying property, that a seller or buyer will agree to financing terms other than those offered, or of any other information requested by a party to remain confidential; and
(g)Any additional duties that are mutually agreed to with a party.