Licensee Personal Interest Disclosure
The Licensee Personal Interest Disclosure Addendum is used when a real estate licensee has any form of personal interest in a transaction. This includes situations where the licensee is buying, selling, holds an ownership interest, or is related to a party involved in the deal.
Download: Licensee Personal Interest Disclosure Addendum
This disclosure is required under Florida law. It ensures all parties are aware that a licensed real estate professional has a vested interest in the outcome of the transaction.
At Easy Realty, this document is mandatory whenever a licensee’s personal interest exists, regardless of whether the licensee is acting in a brokerage capacity or purely as a principal.
When This Form Is Required
You must use this disclosure if any of the following apply:
• The buyer or seller holds a real estate license, whether active or inactive
• The licensee has any ownership interest in the property, including through an LLC, trust, or partnership
• The licensee is related to a buyer or seller and may benefit from the transaction
• The licensee is wholesaling, assigning a contract, or otherwise has a financial stake in the deal
If there is any doubt, disclose. Over-disclosure protects the transaction. Under-disclosure creates risk.
When to Submit the Disclosure
This disclosure should be completed and delivered:
• At the time of offer, or
• Before the contract is executed
Do not wait until closing. Late disclosure creates legal exposure and can invalidate the transaction or lead to disputes.
How to Complete the Form
Start by identifying all parties to the transaction, including up to two buyers and two sellers.
Clearly describe the property using the full address and legal description.
In the disclosure section:
• Identify the licensee by name
• Check whether the license is active or inactive
• Clearly describe the nature of the personal interest. Be specific. For example, state whether the licensee owns the property, owns it through an entity, or is related to a party
• Indicate whether the licensee is acting as the buyer or seller
• Specify the licensee’s role. This should clarify whether the licensee is acting solely as a principal or also operating as a real estate licensee in the transaction
• Disclose whether the licensee will receive any commission or compensation
• Identify any brokerage affiliation, if applicable
All sections should be completed fully. Do not leave the description section vague or incomplete.
Execution Requirements
All parties must sign the disclosure, including:
• Buyer 1 and Buyer 2, if applicable
• Seller 1 and Seller 2, if applicable
Printed names and dates are required.
If this disclosure is not signed by all parties, it does not provide adequate protection.
Best Practices
Always be specific. “Personal interest” is not enough on its own. The disclosure should clearly explain the relationship or ownership structure.
Always disclose compensation. Even if the answer is no, it should be stated clearly.
Always use this form in addition to the main contract. Do not rely on contract notes or email disclosures.
When in doubt, disclose earlier and disclose more. This protects both the agent and the brokerage.
How This Fits Into Easy Realty Workflow
This document should be uploaded into the transaction file in the Agent Hub under contract-level documents.
If the licensee personal interest is identified during file review, the transaction may be paused until the disclosure is completed and signed.
Failure to provide this disclosure when required may result in compliance issues and delays in closing.