Agency
Indiana's Non-Agency Brokerage (transaction broker) relationship was created to allow brokers to:
AEarn double commissions
BAssist parties in a real estate transaction without creating a full fiduciary agency relationship with either party✓ Correct
CAvoid all liability for the transaction
DRepresent both parties as full fiduciaries simultaneously
Explanation
The transaction broker (facilitator) relationship allows a broker to assist both parties in completing a transaction while avoiding the conflicts inherent in dual agency. The transaction broker owes duties of honesty, fairness, and skill — but not full fiduciary duties.
Related Indiana Agency Questions
- Indiana requires that the agency disclosure form be provided to a consumer:
- In Indiana, when must a licensee provide agency disclosure to a prospective buyer or seller?
- Under Indiana law, an agent's duty to disclose material facts includes disclosing:
- When is puffing in real estate advertising acceptable?
- An Indiana seller's agent who learns their client is behind on mortgage payments should:
- An Indiana buyer who purchases property through a transaction broker (no agency) should understand that the transaction broker:
- In a dual agency transaction in Indiana, the broker CANNOT do which of the following?
- Indiana law requires that the agency relationship be disclosed in the first written communication directed to a consumer. 'First written communication' most commonly refers to:
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