License Law & AgencyQuestion 45 of 100
A broker who represents neither the buyer nor the seller as a client but merely helps both complete a deal may be acting as a:
a.Dual agent
b.Broker's agent
c.Designated agent
d.Facilitator or transaction broker
Explanation
A facilitator, sometimes called a transaction broker, helps parties complete a deal without owing full fiduciary duties to either as a client. This limited role differs from single or dual agency. New York agency disclosure requirements still apply to clarify the relationship for consumers.
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