Sales Associate Trent in Broken Arrow, Oklahoma is assisting a buyer in a transaction but has not agreed to represent the buyer as a fiduciary agent. Instead, Trent is helping both the buyer and the seller complete the transaction without advocating for either party's interests. Under Oklahoma law, which type of relationship does Trent have with the buyer?
Correct Answer
C) Transactional brokerage
Transactional brokerage (also referred to as facilitation or non-agency assistance) describes a relationship in which a licensee assists both the buyer and the seller in completing a transaction without representing either party as a fiduciary agent. Oklahoma law recognizes this type of relationship, and in this role Trent owes the parties honesty and fair dealing but does not owe full fiduciary duties such as loyalty and undivided representation.
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