Agency
An agent who represents neither the buyer nor the seller but assists both parties in completing a transaction is called a:
ADual agent
BFacilitator or transaction broker✓ Correct
CSub-agent
DDesignated agent
Explanation
A facilitator (transaction broker) assists both parties in a real estate transaction without representing either one as a fiduciary. They owe duties of honesty and disclosure but not full fiduciary loyalty.
Related New Hampshire Agency Questions
- When does a real estate agency relationship typically terminate?
- A NH real estate agent who discovers the seller has concealed a material defect (such as a hidden flooding issue) has which duty?
- A New Hampshire licensee acting as a transaction broker (facilitator) owes the parties:
- A New Hampshire listing agent represents the seller. When a buyer without a buyer's agent contacts the listing agent, the listing agent may:
- A NH salesperson who advertises 'I work for you, not the seller!' without disclosing that they are in fact a seller's agent is engaged in:
- The concept of 'vicarious liability' means that in New Hampshire:
- A New Hampshire buyer's agent who fails to inform a buyer about comparable sales prices in the area has likely violated the duty of:
- A NH buyer's agent who successfully closes a transaction earns their commission from:
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