A transaction broker in Missouri:
Question & Answer
Review the question and all answer choices
Represents the seller only
Option A is incorrect because transaction brokers don't represent the seller. That would be a seller's agent or subagent, which are different agency relationships with different fiduciary duties.
Facilitates the transaction without representing either party
Represents the buyer only
Option C is incorrect because transaction brokers don't represent the buyer either. That would be a buyer's agent, which involves fiduciary duties not present in a transaction brokerage relationship.
Is not permitted
Option D is incorrect because transaction brokers are explicitly permitted in Missouri. Missouri law recognizes this as a valid agency relationship, though it's not available in all states.
Why is this correct?
Answer B is correct because Missouri law explicitly authorizes transaction brokers who facilitate transactions without representing either party as an agent. This role is distinct from traditional agency relationships and is a specific provision in Missouri real estate law.
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