Transaction Broker (Dual Agency)
§ Agent owes BOTH buyer and seller fiduciary duties. Agent represents both the buyer and the seller equally
§ Agent’s objective is to get a mutually satisfactory agreement among all parties
§ Agent gives all options to the buyer and the seller
§ Depending on the local market, all parties may be present at contract presentation to negotiate on their own behalf
§ All parties have confidentiality. Agent may do nothing to the detriment of either the buyer or the seller
§ Both the buyer and the seller have a right to counsel. Before making any decisions, both parties have the right to seek family, religious, legal, or financial counsel.