MENU
A CORRECT statement about transaction brokers is that they:
Suggested Answer: B
Get Premium New Jersey Real Estate Salesperson Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
A transaction broker facilitates a real estate transaction without representing either party as an agent.
They owe both parties honesty and fairness but do not owe fiduciary duties such as loyalty or confidentiality.
They do not require client-level agency agreements.
They must still be licensed.
Correct answer = B.
12 comments · newest first
VA
Valentine
1 month ago
But what about A? Some say they can represent both sides.
ZO
Zona
1 month ago
Agreed, B makes sense. They act as neutral facilitators.
RO
Rosina
1 month ago
I think the answer is B. They don't represent either party.
CL
Clorinda
2 months ago
I thought they had to disclose info, but I guess not!
CH
Chara
2 months ago
They can conduct transactions without a license too.
GR
Gretchen
2 months ago
Wait, are you sure about that? Sounds off.
VO
Von
2 months ago
Totally agree, that's how they work!
CO
Coral
2 months ago
They represent neither the buyer nor the seller.
DO
Dorethea
2 months ago
I feel like I’ve seen a question similar to this before, and it emphasized that transaction brokers don’t owe fiduciary duties, which makes me think B is the right answer.
VI
Vilma
3 months ago
I’m confused about the licensing part. I thought all brokers needed a license, so D seems wrong, but I can't recall the specifics.
LO
Lore
3 months ago
I remember practicing a question about dual agency, and it mentioned that transaction brokers have a different role. Could it be B?
DE
Deandrea
3 months ago
I think transaction brokers don't represent either party, so I’m leaning towards option B, but I’m not completely sure.