documents and will guide you through every step of the closing process. TRANSACTION BROKER RELATIONSHIPS: THE BASICS A Transaction Broker relationship is unique in that the agent does not exclusively represent either the buyer or seller. Instead, they act as a neutral facilitator, helping both sides of the transaction come to an agreement while remaining impartial. This type of relationship allows for a smoother process, as the agent focuses on balancing the needs of both parties. Unlike dual agency, which may represent a conflict of interest and is restricted in many states, transaction brokers operate within a clearly defined role of impartiality. They are responsible for ensuring all parties understand the transaction process, potential risks, and the terms being agreed upon. THE PROS AND CONS OF A TRANSACTION BROKER For buyers and sellers, working with a Transaction Broker Agent offers advantages: Pros: • Neutral guidance ensures that the process is fair to all parties. • The agent facilitates communication and ensures deadlines are met, reducing stress. • Buyers and sellers can benefit from the agent’s knowledge and resources without feeling pressured. Cons: • Since the agent cannot advocate exclusively for one side, their advice may be more general and factual. • Negotiations are facilitated rather than strategically driven for one party. • Some buyers and sellers may prefer exclusive representation although most good experienced agents have track records showing they represent both in a lot of there sales with no complaints. To ensure a smooth experience with a Transaction Broker 13
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