Agency
In Indiana, a transaction broker (facilitator) represents:
AOnly the seller
BOnly the buyer
CBoth buyer and seller as clients
DNeither party as a client, assisting with the transaction only✓ Correct
Explanation
A transaction broker (or facilitator) in Indiana does not represent either party as a client and owes no fiduciary duties. The transaction broker assists both parties with the mechanics of the transaction while treating both fairly and honestly.
Related Indiana Agency Questions
- An Indiana licensee who wishes to represent a buyer in a transaction where the listing is at their own brokerage must:
- An exclusive agency listing differs from an exclusive right-to-sell in that:
- An Indiana broker's duty to disclose material facts extends to:
- Which of the following best describes a transaction broker in Indiana?
- When an Indiana agency relationship is terminated, the agent's duty of confidentiality toward the former client:
- When does an agency relationship typically terminate?
- In Indiana, when a managing broker receives notice that an affiliated broker is engaged in unlicensed activities beyond their scope, the managing broker must:
- Implied agency in Indiana occurs when:
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