Question

A non-agent who, in some states, represents one party in a real estate transaction but has no fiduciary responsibility.

A. Principal broker
B. Transaction broker
C. Dual agent
D. Escrow officer

Answer 1

The correct answer is B. Transaction broker. A transaction broker is a non-agent who represents one party in a real estate transaction but has no fiduciary responsibility.

Step-by-step explanation:

The correct answer is B. Transaction broker. A transaction broker is a non-agent who represents one party in a real estate transaction but has no fiduciary responsibility. In some states, this type of broker is also known as a non-agent or facilitator. Unlike a principal broker or dual agent, a transaction broker does not owe a fiduciary duty to either the buyer or seller. Instead, their role is to facilitate the transaction and provide administrative assistance.