What is a Transaction Broker?
A transaction broker is a broker who provides limited representation to a buyer, a seller, or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a single agent.
In a transaction broker relationship, a buyer or seller is not responsible for the acts of a licensee. Additionally, the parties to a real estate transaction are giving up their rights to the undivided loyalty of a licensee. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and the seller, but a licensee will not work to represent one party to the detriment of the other party when acting as a transaction broker to both parties.
This article was brought to you by Rowlett Real Estate School.
Want to Learn More?
Ready to take the next step towards a real estate career? Choose Rowlett Real Estate School today and make your real estate career dreams a reality!
Check out our 63-Hour Pre-license Online Course.
Register for our Panama City Beach Live Classroom Course. START TO FINISH IN ONE WEEK!
Visit the Rowlett Real Estate School Videos page and the Rowlett Real Estate School YouTube page for our library of helpful videos.
Rowlett Real Estate School is a family-owned and operated, FREC-approved, fully-accredited Florida real estate school based in the Panhandle of Florida. We specialize in educating and assisting students with all aspects of obtaining/maintaining their Florida real estate license. Providing excellent customer service is our top priority. Above all, we understand the importance of making ourselves available to our students. As a result, you may reach our instructors during regular business hours. Likewise, our knowledgeable staff is available after hours, weekends, and holidays.
