HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 1 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S A bill to be entitled 1 An act relating to authorized brokerage relationships 2 and required disclosures; providing a short title; 3 amending s. 475.278, F.S.; revising the duties of a 4 transaction broker; revising the duties of such broker 5 when the broker is engaged as a single agent; revising 6 the content requirements for single agent notice and 7 consent to transition to a transaction broker; 8 providing an effective date. 9 10 Be It Enacted by the Legislature of the State of Florida: 11 12 Section 1. This act may be cited as the "Access to Fair 13 and Transparent Real Estate Listings Act." 14 Section 2. Paragraphs (f) and (g) of subsection (2) of 15 section 475.278, Florida Statutes, are redesign ated as 16 paragraphs (i) and (j), respectively, new paragraphs (f), (g), 17 and (h) are added to that subsection, and paragraphs (a) and (c) 18 of subsection (3) of that section are amended, to read: 19 475.278 Authorized brokerage relationships; presumption of 20 transaction brokerage; required disclosures. — 21 (2) TRANSACTION BROKER RELATIONSHIP. —A transaction broker 22 provides a limited form of representation to a buyer, a seller, 23 or both in a real estate transaction but does not represent 24 either in a fiduciary capacit y or as a single agent. The duties 25 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 2 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S of the real estate licensee in this limited form of 26 representation include the following: 27 (f) Sharing information on the property and responding to 28 inquiries from any licensees representing prospective buyers; 29 (g) At the seller's or lessor's direction, making the 30 property available for showing to prospective buyers; 31 (h) Within 1 calendar day after the beginning date of the 32 term of any written listing agreement authorizing the licensee 33 to sell the client's property, p ublicly advertise or market the 34 listed property for sale in or on a publication, platform, or 35 website that is broadly accessible to the general public. A 36 seller may opt out of public advertising if he or she signs a 37 disclosure and opt-out form promulgated by the commission that 38 includes, but is not limited to: 39 1. Expressly requesting in writing that the seller's agent 40 withhold the listed property from all public marketing or 41 advertising and outlining the specific reasons for the request 42 in writing. 43 2. Acknowledging that: 44 a. Real estate licensees representing prospective buyers 45 may not be aware the seller's property is available for sale or 46 lease; 47 b. The client property will not be displayed on Internet 48 platforms or websites that are used by the gener al public to 49 search for property listings; 50 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 3 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S c. Real estate licensees and prospective buyers may not be 51 aware of the terms and conditions under which the seller is 52 offering the property for sale; and 53 d. The reduction in exposure of the listed property ma y 54 reduce the number of offers to purchase or lease the listed 55 property and negatively impact the seller's ability to sell the 56 listed property at terms favorable to the seller; 57 (3) SINGLE AGENT RELATIONSHIP. — 58 (a) Single agent; duties. —The duties of a real estate 59 licensee owed to a buyer or seller who engages the real estate 60 licensee as a single agent include the following: 61 1. Dealing honestly and fairly; 62 2. Loyalty; 63 3. Confidentiality; 64 4. Obedience; 65 5. Full disclosure; 66 6. Accounting for all funds; 67 7. Skill, care, and diligence in the transaction; 68 8. Presenting all offers and counteroffers in a timely 69 manner, unless a party has previously directed the licensee 70 otherwise in writing; and 71 9. Sharing information on the property and respondi ng to 72 inquiries from any licensees representing prospective buyers; 73 10. At the seller's or lessor's direction, making the 74 property available for showing to prospective buyers; 75 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 4 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S 11. Within 1 calendar day after the beginning date of the 76 term of any written listing agreement authorizing the licensee 77 to sell the client's property, publicly advertise or market the 78 listed property for sale in or on a publication, platform, or 79 website that is broadly accessible to the general public. A 80 seller may opt out of pub lic advertising if he or she signs a 81 disclosure and opt-out form promulgated by the commission that 82 includes, but is not limited to: 83 a. Expressly requesting in writing that the seller's agent 84 withhold the listed property from all public marketing or 85 advertising and outlining the specific reasons for the request 86 in writing. 87 b. Acknowledging that: 88 (I) Real estate licensees representing prospective buyers 89 may not be aware the seller's property is available for sale or 90 lease; 91 (II) The client property wi ll not be displayed on Internet 92 platforms or websites that are used by the general public to 93 search for property listings; 94 (III) Real estate licensees and prospective buyers may not 95 be aware of the terms and conditions under which the seller is 96 offering the property for sale; and 97 (IV) The reduction in exposure of the listed property may 98 reduce the number of offers to purchase or lease the listed 99 property and negatively impact the seller's ability to sell the 100 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 5 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S listed property at terms favorable to the sel ler; and 101 12.9. Disclosing all known facts that materially affect 102 the value of residential real property and are not readily 103 observable. 104 (c) Contents of disclosure. — 105 1. Single agent duties disclosure. —The notice required 106 under subparagraph (b)1. must include the following information 107 in the following form: 108 SINGLE AGENT NOTICE 109 FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES OPERATING AS 110 SINGLE AGENTS DISCLOSE TO BUYERS AND SELLERS THEIR DUTIES. 111 As a single agent, ...(insert name of Real Estate Entity 112 and its Associates)... owe to you the following duties: 113 1. Dealing honestly and fairly; 114 2. Loyalty; 115 3. Confidentiality; 116 4. Obedience; 117 5. Full disclosure; 118 6. Accounting for all funds; 119 7. Skill, care, and diligence in the transaction; 120 8. Presenting all offers and counteroffers in a timely 121 manner, unless a party has previously directed the licensee 122 otherwise in writing; and 123 9. Acting in good faith to publicly advertise a seller's 124 listing to prospective buyers on a platform or website 125 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 6 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S accessible to the public and licensees representing prospective 126 buyers or tenants; 127 10. Sharing information on a listed property with all 128 licensees representing prospective buyers or tenants and making 129 the property available for showing to such buyers or tenants; 130 and 131 11.9. Disclosing all known facts that materially affect 132 the value of residential real property and are not readily 133 observable. 134 135 ............ Date ........................ Signature 136 2. Transition disclosure. —To gain the principal's writ ten 137 consent to a change in relationship, a licensee must use the 138 following disclosure: 139 CONSENT TO TRANSITION TO 140 TRANSACTION BROKER 141 FLORIDA LAW ALLOWS REAL ESTATE LICENSEES WHO REPRESENT A BUYER 142 OR SELLER AS A SINGLE AGENT TO CHANGE FROM A SINGLE AGENT 143 RELATIONSHIP TO A TRANSACTION BROKERAGE RELATIONSHIP IN ORDER 144 FOR THE LICENSEE TO ASSIST BOTH PARTIES IN A REAL ESTATE 145 TRANSACTION BY PROVIDING A LIMITED FORM OF REPRESENTATION TO 146 BOTH THE BUYER AND THE SELLER. THIS CHANGE IN RELATIONSHIP 147 CANNOT OCCUR WITHOUT YOUR PRIOR WRITTEN CONSENT. 148 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 7 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S As a transaction broker, ...(insert name of Real Estate Firm and 149 its Associates)..., provides to you a limited form of 150 representation that includes the following duties: 151 1. Dealing honestly and fairly; 152 2. Accounting for all funds; 153 3. Using skill, care, and diligence in the transaction; 154 4. Disclosing all known facts that materially affect the 155 value of residential real property and are not readily 156 observable to the buyer; 157 5. Presenting all offers and counteroffers in a ti mely 158 manner, unless a party has previously directed the licensee 159 otherwise in writing; 160 6. Acting in good faith to publicly advertise a seller's 161 listing to prospective buyers on a platform or website 162 accessible to the public and licensees representing prospective 163 buyers or tenants; 164 7. Sharing information on a listed property with all 165 licensees representing prospective buyers or tenants and making 166 the property available for showing to such buyers or tenants; 167 8.6. Limited confidentiality, unless waive d in writing by 168 a party. This limited confidentiality will prevent disclosure 169 that the seller will accept a price less than the asking or 170 listed price, that the buyer will pay a price greater than the 171 price submitted in a written offer, of the motivation o f any 172 party for selling or buying property, that a seller or buyer 173 HB 805 2025 CODING: Words stricken are deletions; words underlined are additions. hb805-00 Page 8 of 8 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S will agree to financing terms other than those offered, or of 174 any other information requested by a party to remain 175 confidential; and 176 9.7. Any additional duties that are entered into by th is 177 or by separate written agreement. 178 Limited representation means that a buyer or seller is not 179 responsible for the acts of the licensee. Additionally, parties 180 are giving up their rights to the undivided loyalty of the 181 licensee. This aspect of limited repr esentation allows a 182 licensee to facilitate a real estate transaction by assisting 183 both the buyer and the seller, but a licensee will not work to 184 represent one party to the detriment of the other party when 185 acting as a transaction broker to both parties. 186 ................I agree that my agent may assume the role and 187 duties of a transaction broker. [must be initialed or signed] 188 Section 3. This act shall take effect July 1, 2025. 189