As defined by the Securities Exchange Act of 1934, a broker is a person engaged in arranging securities transactions on behalf of others. The Single Agent will give you opinion on price, neighborhood value, potential issues with the property (like say how a power plant in the backyard might change value) and much more. A special agent has limited authority to do a specific thing or conduct a specific transaction. The role and purpose of a transaction broker can vary from state to state. Ideal Agent has plenty going for it, especially discounts for sellers and high-quality agents. Dual real estate agency disclosure But Clever offers an unbeatable 1% listing fee for sellers (vs. The transaction brokers primary job is to assist with tasks that may be difficult for a buyer or seller to perform on their own. ![]() Duties of Seller's Agent, Buyer's Agent and Transaction Broker. In a given transaction, the listing agent may also function as the selling agent (as Coldwell Banker did in this case) or it may act in cooperation with an outside broker who is working with the buyer. A Single Agent is defined as a broker who represents either the buyer or seller of real estate, but not both in the same transaction. When you have disclosed that you are acting as a Transaction Broker and you say that you will disclose price and terms of other offers to get the best price for your seller then here again you should be acting as and disclosing that you are a Single Agent. Brokermint merges transaction management and financials, allowing us to customize reports, and receive real-time updates from agents on transaction changes (price, closing date, etc. ![]() A transaction broker is similar to a referee.
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