What must a broker provide to a new buyer under Florida law?

Under Florida law, a broker is required to provide a written disclosure of all encumbrances to a new buyer. This disclosure is essential because it ensures that the buyer is fully informed about any claims, liens, or liabilities associated with the property they are interested in purchasing. Encumbrances can affect the title and ultimately the buyer's ownership and use of the property, making it vital for them to understand these factors before finalizing a transaction.

Providing this information helps protect the buyer's interests and contributes to a transparent and fair real estate transaction. It is important for buyers to have a clear understanding of any restrictions or obligations tied to the property, which is why this disclosure is a legal requirement.