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Pria is a Minnesota real estate salesperson. She provided services to both a buyer and seller in the same transaction, but didn't represent either party. Which term best defines her role?

A. Dual agent
B. Transaction broker
C. Designated agent
D. Listing agent

1 Answer

3 votes

Final answer:

The role that best defines Pria's position is a transaction broker, as a Minnesota real estate salesperson providing services to both a buyer and seller in the same transaction without representing either party.

Step-by-step explanation:

The answer to your question is B. Transaction broker. Pria's role as a Minnesota real estate salesperson, who provided services to both a buyer and seller in the same transaction without representing either party, is defined as a transaction broker. A transaction broker assists with the transaction but does not have a fiduciary duty to either party. They act as an intermediary, facilitating the transaction and ensuring all legal requirements are met. Unlike a dual agent or designated agent, a transaction broker does not represent the interests of either the buyer or the seller exclusively. Instead, they work to help both parties reach a mutually agreeable transaction.

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