A real estate licensee specializes in helping both buyers and sellers with the necessary paperwork involved in transferring prop

Question

3 years ago

7

A real estate licensee specializes in helping both buyers and sellers with the necessary paperwork involved in transferring prop

erty. Although not an agent of either party, the real estate licensee may not disclose either party's confidential information to the other. The real estate licensee is BEST described as

Business

1 answer:

ivanzaharov [21] · Answer 1 · 2022-06-04T18:26:34+03:00

Answer:

Transactional broker

Explanation:

Transaction brokers are real estate professionals that offers their services to buyers and sellers, also are called facilitators.

They act in a neutral capacity as they are not agents of the buyer and seller. Instead they act as mediators between the two when transaction is taking place.

Not all states allow such non-agency practices of transaction brokers.

Transaction brokers usually handle details like preparing an offer, determine market price, and writing of contract to buy or sell. They do not get involved in negotiations