Agency
In New York, a broker who represents neither the buyer nor the seller but helps both parties complete a transaction is known as a:
ANeutral agent
BTransaction broker or facilitator (NOTE: this role is not formally recognized by NY RPL)✓ Correct
CDesignated agent
DNon-exclusive dual agent
Explanation
New York RPL does not formally recognize a 'transaction broker' or non-agent facilitator role. However, practitioners sometimes describe a broker who assists both parties without forming a formal agency relationship in these terms. Under NY law, a licensee involved in a transaction is typically considered to have an agency relationship with one or both parties. This question highlights an important NY-specific distinction.
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