AgencyIntermediateDelaware Exam
Which of the following is a legal obligation of a Delaware licensee acting as a transaction broker (facilitator)?
AAdvocating for one party over the other
BMaintaining confidentiality of either party's negotiating position
CAssisting both parties with paperwork and facilitating communication honestlyCorrect
DDisclosing the seller's motivation to the buyer
Why Assisting both parties with paperwork and facilitating communication honestly Is Correct
Answer C: Assisting both parties with paperwork and facilitating communication honestly
A transaction broker (facilitator) in Delaware does not represent either party but must assist both parties with the transaction, provide honest information, and help facilitate the paperwork, without advocating for either side.
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
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