AgencyIntermediateDelaware Exam
Under Delaware agency law, a licensee who represents neither buyer nor seller but facilitates the transaction is known as a:
ASubagent
BDual agent
CTransaction brokerCorrect
DFacilitator
Why Transaction broker Is Correct
Answer C: Transaction broker
Delaware recognizes the transaction broker (also called a facilitator) as a licensee who assists parties to a transaction without representing either party as an agent.
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.
Key Agency Terms in This Question
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