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A transaction broker is a licensed real estate agent who is a neutral third party in a transaction. He or she provides services to facilitate the closing of a deal but does not act on behalf of any particular client.
At what point in a transaction must you disclose your agency status in writing? Before a party signs an offer. A counteroffer: Acts as a rejection of the initial offer.
An intermediary is a broker who negotiates a real estate transaction between two parties. An intermediary relationship can occur when a broker, or a sales agent sponsored by the Broker, has obtained written consent from the parties to represent both the buyer and the seller.
An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a client in negotiations and other dealings with third parties. The agent may be given decision-making authority.
Transaction brokers and single agents have two duties on common: present all offers and counteroffers and use skill, care, and diligence.
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The Broker provides limited representation to a buyer, a seller, or both but does not represent either in a fiduciary capacity or as a single agent. - broker is working as a facilitator between the buyer and seller to close the transaction and does not owe an undivided loyalty to either party.
Which of the following is a Kansas transaction broker obligated to do? List a property at the price the seller dictates.
The sellers agent represents the seller only, so the buyer may be either unrepresented or represented by another agent. The sellers agent is responsible for performing the following duties: promoting the interests of the seller with the utmost good faith, loyalty, and fidelity.
Which of the following is a Kansas transaction broker obligated to do? List a property at the price the seller dictates.
The law requires that an agent supply a written document, called Disclosure Regarding Real Estate Agency Relationships, explaining the nature of agency. This disclosure must be made prior to taking a listing or writing an offer.

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