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      Changing Roles and Regulations:

      • In Florida (after 1992) and Colorado (after 1994), options were created where no fiduciary relationship exists between brokers and clients unless explicitly stated.



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    • 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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      "Realtor" redirects here. For the company, see National Association of Realtors.

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