Agency
A Wisconsin licensee who represents neither the buyer nor the seller but helps both parties complete a transaction is known as a:
ADual agent
BFacilitator (transaction broker)✓ Correct
CSub-agent
DDesignated agent
Explanation
A facilitator (transaction broker) in Wisconsin assists both parties in completing a transaction without representing either party as an agent.
Related Wisconsin Agency Questions
- Dual agency in Wisconsin requires:
- Under Wisconsin law, an agent's authority to sign documents on behalf of a principal must be established by a:
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- When a Wisconsin licensee acts as a 'facilitator' (transaction broker), they owe both parties:
- A Wisconsin licensee who represents a seller must disclose to that seller if the licensee has a personal financial interest in the transaction, such as:
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