Transaction broker definition

Transaction broker means a broker who provides services by assisting a party in a transaction without being an advocate for the benefit of that party.

Transaction broker means a real estate brokerage firm that provides customer service to a buyer, a seller, or both in a real estate transaction. A transaction broker may be a single agent of a party in a transaction giving the other party customer service. A transaction broker also may facilitate a transaction without representing either party.

Transaction broker means a broker who provides services by

Examples of Transaction broker in a sentence

• Transaction broker: a qualifying broker, associate broker or brokerage that provides real estate services without entering into an agency relationship.

• The drilling crew pressure tested the C-flex to 1800 psi between the cups on the pulling tool.

• A transaction broker is not authorized to accept delivery of a contract between the parties to a transaction on behalf of the party for whom the broker is performing transaction brokerage services unless the contract between the parties authorizes such and the transaction broker agrees to accept delivery in writing.(c) Transaction broker may make a suggestion regarding value.

• Transaction broker" means a real estate brokerage firm that provides customer service to a buyer, a seller, or both in a real estate transaction.

• Transaction broker: Saves users money and time by processing online sales transactions, generating a fee each time a transaction occurs.

More Definitions of Transaction broker

Transaction broker means a qualifying

Transaction broker means a broker who provides limited representation to a buyer, a seller, or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a single agent

Transaction broker means a broker who assists one or more parties throughout a contemplated real estate transaction with communication, interposition, advisement, negotiation, contract terms, and the closing of the real estate transaction without being an agent or advocate for the interests of any party to the transaction. Upon agreement in writing pursuant to section 12-10-403 (2) or a written disclosure pursuant to section 12-10-408 (2)(c), a transaction-broker may become a single agent.

Transaction broker means a broker who assists one or more parties with a real estate transaction without being an agent or advocate for the interests of any party to such transaction. The term includes the broker's affiliated licensees.

Transaction broker means a broker who provides limited representation to a purchaser (or lessee, as appropriate), and seller (or lessor, as appropriate), or both, in a real estate transaction, but does not represent either in a fiduciary capacity or as a single agent. In a transaction broker relationship, a purchaser (or lessee, as appropriate) or seller (or lessor, as appropriate) is not responsible for the acts of a licensee. Additionally, the parties to a real estate transaction are giving up their rights to the undivided loyalty of a licensee. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the purchaser and the seller, but a licensee will not work to represent one party to the detriment of the other party when acting as a transaction broker to both parties.

Transaction broker means a broker who assists one or more parties throughout a contemplated real estate transaction with communication, interposition, advisement, negotiation, contract terms, and the closing of such real estate transaction without being an agent or advocate for the interests of any party to such transaction. Upon agreement in writing pursuant to section 12-61-803 (2) or a written disclosure pursuant to section 12-61-808 (2) (d), a transaction-broker may become a single agent.

Transaction broker means a qualifying broker, associate broker or brokerage that provides real estate services without entering into an agency relationship.