When a real estate licensee has a personal interest in a transaction, that interest must be disclosed appropriately to the other parties.
This may include situations where an agent is buying or selling property for themselves or has an ownership interest in the property or entity involved.
Under Article 4 of the REALTORS® Code of Ethics, REALTORS® must disclose their true position when:
Listing or selling property in which they have an ownership interest.
Purchasing property for themselves.
Presenting offers for an immediate family member.
Presenting offers involving an entity in which they have an ownership interest.
The Code of Ethics requires disclosure in writing before a contract is signed.
Florida licensees must also comply with applicable state disclosure requirements, which may differ from the REALTORS® Code of Ethics.
Important: Do not assume that disclosure is unnecessary simply because the agent is not representing another buyer or seller.
Florida Realtors provides an Addendum: Licensee Disclosure of Personal Interest that can be used to document an agent's interest in a transaction.
The disclosure helps clarify the agent's role and relationship to the property or parties involved.
Agents should complete the appropriate disclosure and provide it to the other party before the contract is executed.
Open the applicable transaction loop.
Navigate to Listing Docs for a listing or Initial Docs for a purchase.
Click Add Document → Templates.
Locate the FL Realtors Documents folder.
Find Addendum: Licensee Disclosure of Personal Interest.
Shortcut: Enter lic in the template search bar.
Select the form and click Copy.
Complete the disclosure and obtain the applicable signatures.
Retain the completed form in Dotloop.
Note: Form names, versions, and template locations may change. Verify that you are using the current applicable form.
A personal interest in a transaction does not automatically determine the brokerage relationship between the parties.
Depending on the circumstances, additional agency or brokerage relationship disclosures may be necessary.
Do not automatically use a No Brokerage Relationship Disclosure simply because an agent has a personal interest in the transaction.
Consult your designated managing broker to determine which disclosures are appropriate.
Disclose your personal interest before entering into a contract.
Be clear about your status as a real estate licensee.
Follow applicable Florida law and REALTORS® Code of Ethics requirements.
Complete the required Dalton Wade transaction documentation.
Consult your designated managing broker if the transaction involves an immediate family member, business entity, or another potential conflict of interest.
Agents must be transparent about personal interests in real estate transactions.
Complete the appropriate disclosure, provide it before contract execution, and retain the documentation in Dotloop.