Florida Mutual Recognition Exam Prep 2026 – Complete Practice Test

Single agency is created when a broker is hired under a single agency agreement to represent only one party—either the seller or the buyer—in a transaction. That exclusive arrangement gives the broker fiduciary duties to that client, meaning loyalty, confidentiality, and advocacy for that party’s interests. Other arrangements don’t establish this exclusive client relationship: acting as a transaction broker provides limited representation to both parties without fiduciary duties to either; representing both parties would be dual agency (not single agency); and no representation means there’s no agency relationship at all.