Agency
In Massachusetts, a 'facilitator' in a real estate transaction is best described as:
AAn agent who represents both buyer and seller equally
BA licensee who assists both parties without acting as an agent for either✓ Correct
CA dual agent with written consent from all parties
DA buyer's agent only
Explanation
Massachusetts recognizes 'facilitator' as a distinct agency status where the licensee assists both buyer and seller without representing either party as an agent, thus having no fiduciary duties to either party.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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