What is 'transaction brokerage' in Alberta real estate?
Correct Answer
C) A service relationship serving both parties even-handedly, owing fiduciary duties to neither
Transaction brokerage in Alberta is a service relationship where an industry professional assists both parties in a transaction without establishing an agency relationship with either. The associate provides even-handed service and must treat both parties fairly and honestly, but does not owe fiduciary duties such as loyalty to either party.
Why This Is the Correct Answer
Transaction brokerage in Alberta is a non-agency service relationship where the professional assists both parties without owing fiduciary duties to either. The associate provides even-handed, fair, and honest service to both buyer and seller, facilitating the transaction without the loyalty, full disclosure, or confidentiality obligations that come with an agency relationship.
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