The proposed bill, titled the "Access to Fair and Transparent Real Estate Listings Act," aims to amend existing laws regarding brokerage relationships and required disclosures in real estate transactions. It revises the duties of transaction brokers and single agents, enhancing the responsibilities of brokers in terms of property marketing and communication with prospective buyers. Notably, the bill introduces new requirements for transaction brokers, including sharing property information with other licensees, making properties available for showings at the seller's direction, and ensuring public advertising of listed properties within one calendar day of a listing agreement, unless the seller opts out through a specific disclosure form.

Additionally, the bill updates the content requirements for the single agent notice and consent to transition to a transaction broker, emphasizing the importance of transparency in real estate transactions. It includes provisions for sellers to acknowledge the implications of opting out of public advertising, such as reduced visibility and potential impacts on sale offers. The act is set to take effect on July 1, 2025, and aims to enhance the clarity and fairness of real estate practices in Florida.