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FL H0805
Bill
Status
Failed
6/16/2025
Primary Sponsor
David Smith
Click for details
AI Summary
- Requires transaction brokers and single agents to publicly advertise or market a listed property for sale within 1 calendar day of the beginning date of any written listing agreement, on a publication, platform, or website broadly accessible to the general public
- Allows sellers to opt out of public advertising by signing a commission-promulgated disclosure and opt-out form that includes written reasons for the request and acknowledgments about reduced market exposure
- Opt-out acknowledgments must state that buyer agents may not be aware the property is for sale, the listing will not appear on public internet platforms, prospective buyers may not know the seller's terms, and reduced exposure may result in fewer offers and less favorable sale terms
- Adds new duties for both transaction brokers and single agents to share property information with licensees representing prospective buyers and, at the seller's direction, make the property available for showings
- Updates the required single agent notice and consent-to-transition-to-transaction-broker disclosure forms to reflect the new public advertising, information sharing, and property showing duties, effective July 1, 2025
Legislative Description
Authorized Brokerage Relationships and Required Disclosures
Last Action
Died in Industries & Professional Activities Subcommittee
6/16/2025
Committee Referrals
Industries & Professional Activities Subcommittee2/26/2025
Full Bill Text
No bill text available