Agency
Which of the following BEST describes a transaction broker (facilitator) in New Jersey?
AAn agent who owes full fiduciary duties to both parties
BA neutral third party who assists both buyer and seller without representing either✓ Correct
CA subagent of the listing broker
DAn agent licensed in another state
Explanation
A transaction broker or facilitator assists both parties in completing a transaction but does not owe fiduciary duties to either side—only honesty, accuracy, and ministerial duties.
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