Quinn Brooks helps prepare offers and coordinates the deal but does not owe full fiduciary loyalty to either side. Instead, Quinn Brooks provides limited, neutral assistance. What role best describes Quinn Brooks?
Correct Answer
B) Transaction broker
Transaction broker is correct because the facts match a licensee who assists one or more parties without entering a fiduciary agency relationship, where this status is recognized by law. That is the best description of the relationship, right, or legal concept tested here.
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Previous Question
A brokerage assigns one agent to represent the seller and another agent in the same firm to represent the buyer. Both clients receive fiduciary representation from their own designated agent. What is this arrangement called?
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A dual agent learns that the buyer will pay more than the listed price but tells the seller this information to help the seller negotiate a higher price. Which fiduciary duty to the buyer has the dual agent violated?