A transaction broker in Arizona:
Question & Answer
Review the question and all answer choices
Represents the seller only
A transaction broker does not represent the seller only — that describes a seller's agent or listing agent who owes full fiduciary duties exclusively to the seller, including loyalty and the duty to act in the seller's best interest.
Represents the buyer only
A transaction broker does not represent the buyer only — that describes a buyer's agent who owes fiduciary duties exclusively to the buyer, including loyalty, confidentiality, and the obligation to negotiate in the buyer's best interest.
Facilitates the transaction without representing either party
Is not recognized in Arizona
Transaction brokers are explicitly recognized under Arizona law and ADRE regulations — this is a well-established and commonly used agency relationship in Arizona real estate practice, particularly in transactions where a single licensee or brokerage is involved with both parties.
Why is this correct?
Arizona law, under A.R.S. § 32-2151.02 and the Arizona Department of Real Estate's agency disclosure requirements, recognizes the transaction broker as a licensee who assists both buyer and seller in completing a transaction without acting as an agent or advocate for either party. Because the transaction broker owes no fiduciary duty of loyalty to either party, they can share information and assist both sides without the conflicts inherent in dual agency. Arizona requires licensees to provide written agency disclosure at the first substantive contact, ensuring consumers understand when they are working with a transaction broker versus an exclusive agent.
Continue Learning
Explore this topic in different formats
More Agency Law Videos
Continue learning with related video lessons
Ohio's continuing education requirement for license renewal is:
2:14 • 0 views
Ohio real estate licensees are regulated by the:
2:51 • 0 views
A seller's agent in Texas owes which duty to buyers?
2:47 • 0 views
South Dakota requires how many hours of pre-license education?
3:19 • 0 views
Which Illinois agency fiduciary duty survives beyond the end of an agency relationship?
2:17 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.