What does transactional brokerage entail?

Transactional brokerage refers to a situation where a broker acts as a facilitator in a real estate transaction without representing either party in a fiduciary capacity. This means that the broker assists with the necessary paperwork, provides basic information about the properties, and facilitates communication between the buyer and seller, but does not owe loyalty or fiduciary duties to either party.

In this context, the broker is often referred to as a "transactional broker" or "facilitator," and this role is distinct from traditional agency relationships where the broker represents the interests of either the buyer or the seller. By not representing either party, the transactional broker helps ensure a neutral process, which can be beneficial in certain transaction scenarios.

The other options mention roles or concepts that do not accurately define transactional brokerage; for instance, one option incorrectly implies that the broker exclusively represents one party, while another suggests a contractual relationship exists. A further option focuses on property valuation, which is unrelated to the broker's specific role in facilitating a transaction without representation.