Agency
In Indiana, a broker who represents neither buyer nor seller but assists with the transaction is acting as a:
ADual agent
BDesignated agent
CTransaction broker✓ Correct
DSub-agent
Explanation
A transaction broker (facilitator) assists parties in completing a transaction without representing either side as a fiduciary agent, providing neutral assistance to both buyer and seller.
Related Indiana Agency Questions
- A buyer's agent in Indiana who also receives a referral fee from a home inspector they recommended to their buyer client must:
- An Indiana buyer who purchases property through a transaction broker (no agency) should understand that the transaction broker:
- An agent's duty of reasonable care requires the agent to:
- When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
- An Indiana listing agent who sells the property to a buyer and receives the full 6% commission (both sides) has engaged in:
- An exclusive right-to-sell listing guarantees the listing broker a commission if:
- Designated agency in Indiana means:
- Indiana requires that the agency disclosure form be provided to a consumer:
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