This bill amends section 475.278 of the Florida Statutes, which outlines the duties of real estate licensees in their relationships with buyers and sellers. It introduces a definition for "limited confidentiality" and revises the duties of transaction brokers, which now include new responsibilities such as sharing information with licensees representing prospective buyers, making properties available for showings at the seller's direction, and publicly advertising listed properties within one calendar day unless the seller opts out. The bill also specifies that sellers can opt out of public advertising by signing a disclosure form that outlines the implications of such a decision.

Additionally, the bill updates the duties of single agents, incorporating similar requirements for sharing information and advertising properties. It emphasizes the importance of maintaining limited confidentiality regarding sensitive information about pricing and motivations for buying or selling. The changes aim to enhance transparency and communication in real estate transactions while ensuring that licensees provide a limited form of representation without fiduciary obligations. The act is set to take effect on July 1, 2025.