A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n)?

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12-09-2022
Business

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A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n)?

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Tutorconsortium363 Tutorconsortium363 · Answer 1 · 2022-09-14T14:11:15-04:00

If a licensee helps one or more parties without exiting an agent or fiduciary or advocate for that group, then he is operating as a transaction broker.

What is a transaction broker?

A transaction broker is defined as a broker who supplies limited illustration to a buyer, in a real estate transaction, but does not denote either in a fiduciary power or as a single agent.

What's the term for somebody who has an agency presentation with the licensee?

A client is a person who shows an agency relationship with a licensee through a registered contract and agrees to be described by the agent in a real estate transaction.

To learn more about the transaction broker visit the link

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