Final answer:
The correct option is d. provides limited representation to both parties.
A transaction broker provides limited representation to both parties in a property transaction, without full agency and fiduciary duties to either the buyer or the seller.
Step-by-step explanation:
A transaction broker, in the context of real estate, serves a unique role in property transactions. They do not act as an agent for either party and thus do not have the traditional fiduciary duties that a buyer's or seller's agent would have. Instead, they provide limited representation to both the buyer and the seller without representing either party fully and exclusively.
Option d, 'provides limited representation to both parties', is the correct answer to the question of what a transaction broker does. It is essential to understand that while they assist both parties, they are primarily facilitators of the transaction. In carrying out their role, transaction brokers may provide services such as presenting offers, aiding in communication between parties, and offering paperwork for the sale, among others. However, they must remain neutral and cannot advocate for the interests of one party over another.