Reese Richardson helps prepare offers and coordinates the deal but does not owe full fiduciary loyalty to either side. Instead, Reese Richardson provides limited, neutral assistance. What role best describes Reese Richardson?
Correct Answer
D) Transaction broker
A transaction broker (sometimes called a non-agent or facilitator) provides limited, neutral assistance to one or both parties without entering a fiduciary agency relationship with either side.
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A brokerage represents both sides of a transaction, but the broker appoints one licensee to represent the buyer and another to represent the seller. What arrangement is this?
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Quinn Brooks explains forms and passes information between the parties but never advocates for either side or forms an agency relationship. What role best describes Quinn Brooks?