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Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 4 Question 19 Discussion

A CORRECT statement about transaction brokers is that they:
B) represent neither the buyer nor the seller
A) represent both the buyer and the seller
C) are required to disclose confidential information
D) may conduct transactions without an active real estate license

Real Estate Licensing New Jersey Real Estate Salesperson Exam - Topic 4 Question 19 Discussion

Actual exam question for Real Estate Licensing's New Jersey Real Estate Salesperson exam
Question #: 19
Topic #: 4
[All New Jersey Real Estate Salesperson Questions]

A CORRECT statement about transaction brokers is that they:

Show Suggested Answer Hide Answer
Suggested Answer: B

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.


by Mirta at Jul 18, 2026, 11:55 AM

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Clorinda
1 day ago
I thought they had to disclose info, but I guess not!
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Chara
6 days ago
They can conduct transactions without a license too.
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Gretchen
12 days ago
Wait, are you sure about that? Sounds off.
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Von
17 days ago
Totally agree, that's how they work!
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Coral
22 days ago
They represent neither the buyer nor the seller.
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Dorethea
27 days 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.
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Vilma
1 month 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.
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Lore
1 month ago
I remember practicing a question about dual agency, and it mentioned that transaction brokers have a different role. Could it be B?
upvoted 0 times
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Deandrea
1 month ago
I think transaction brokers don't represent either party, so I’m leaning towards option B, but I’m not completely sure.
upvoted 0 times
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