Agency
In Connecticut, a 'transaction broker' or 'facilitator' differs from an agent because:
AA transaction broker represents neither party and owes no duties to either
BA transaction broker assists both parties without representing either, and owes limited duties of honesty and disclosure✓ Correct
CA transaction broker is the same as a dual agent
DConnecticut does not recognize transaction brokers
Explanation
Connecticut recognizes limited-service facilitation arrangements. A transaction broker (facilitator) assists both parties but does not advocate for either. They owe duties of honesty, disclosure of material facts, and general competence but not full fiduciary duties.
Related Connecticut Agency Questions
- A Connecticut buyer client tells their buyer's agent that they are willing to pay up to $550,000 for a property but want to start negotiating at $510,000. The agent:
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