Under Massachusetts regulations (254 CMR 3.00), which of the following is NOT one of the four agency relationship types that must be described in the Mandatory Licensee-Consumer Relationship Disclosure form?
Correct Answer
D) Facilitator or transaction broker relationship
Under 254 CMR 3.00, the Massachusetts Mandatory Licensee-Consumer Relationship Disclosure form must describe four specific agency relationships: seller agency, buyer agency, dual agency, and designated agency. A facilitator or transaction broker relationship — where the licensee assists both parties without representing either — is NOT one of the four relationships required to be described in the mandatory disclosure form under current Massachusetts regulations. Massachusetts does not formally recognize the facilitator or transaction broker status in the same way some other states do.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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