Agency
Which of the following best describes a transaction broker in Connecticut?
AA broker who represents both buyer and seller as dual agent
BA facilitator who assists both parties without representing either✓ Correct
CA broker who only represents buyers
DA broker designated solely to manage escrow
Explanation
A transaction broker (facilitator) assists both parties without representing either as a fiduciary. This role is permitted in Connecticut but requires proper disclosure.
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Key Terms to Know
Escrow
A neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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