Under Massachusetts law and 254 CMR 3.00, which of the following is NOT a recognized agency relationship that must be disclosed in the mandatory written agency disclosure form provided to consumers?
Correct Answer
C) Transactional brokerage, where the licensee assists both parties without representing either
Transactional brokerage (also called facilitator or non-agency status) is NOT a recognized agency relationship under Massachusetts law or 254 CMR 3.00. Massachusetts recognizes four agency relationships that must be disclosed: seller agency, buyer agency, dual agency, and designated agency. Transactional brokerage is used in some other states but is not part of the Massachusetts agency framework.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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