In Florida (after 1992) and Colorado (after 1994), options were created where no fiduciary relationship exists between brokers and clients unless explicitly stated.
Dual agency practices have been abolished in these states where both listing and selling agents represent the seller exclusively.
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These points highlight how the profession has evolved over time concerning licensing requirements, service roles, educational mandates, regulatory changes like RESPA, and industry innovations such as flat-fee services.
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Person who acts as an intermediary between sellers and buyers of real estate for a commission
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"Realtor" redirects here. For the company, see National Association of Realtors.
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