Agency
A licensee who is a 'transaction broker' in Tennessee owes which duties to the parties?
AFull fiduciary duties to both parties
BNo duties whatsoever
CLimited duties including honest dealing, disclosure of material facts, and presenting offers✓ Correct
DFiduciary duties to the buyer only
Explanation
A transaction broker (facilitator) in Tennessee does not represent either party as their agent but owes limited duties to both: honest and fair dealing, disclosure of known material defects, presenting all offers, and using reasonable skill and care.
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