Agency
A Pennsylvania licensee who assists both buyer and seller in the same transaction without representing either party is functioning as a:
ADual agent
BDesignated agent
CTransaction licensee (facilitator)✓ Correct
DSubagent
Explanation
A transaction licensee (sometimes called a facilitator or non-agent) assists the parties with the mechanics of a transaction without representing either as an agent. They owe honesty and good faith but not the full fiduciary duties of agency. Both parties must consent to this arrangement.
Related Pennsylvania Agency Questions
- In Pennsylvania, a licensee acting as a 'transaction licensee' (non-agent) owes which duties to the consumer?
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