Called the Customer not Principal

In a transaction broker relationship, the seller or the buyer is called a customer, not a principal.

In a transaction broker relationship the (customer) is not responsible for the acts of a licensee. Transaction brokers may represent both buyer and seller in a real estate transaction.

Chapter 475 defines customer to mean a member of the public who is or may be a buyer or a seller of real property and may or may not be represented by a real estate licensee.

Information is courtesy of Rowlett Real Estate School LLC and Captain Wayne Rowlett.

For information on our classroom courses and online courses visit our website at www.rowlettrealestateschool.com Check out our website for a full line up of Online real estate courses including our traditional Live Classroom Training.

We have live classroom training for our Pre Sales Associate Class in Panama City Florida and in Destin Florida every other month.

P.Stone, RRES