Does a listing broker have to act as an intermediary if a buyer interested in the listed property is not represented?

1 minuteread
  • Home
  • /
  • Knowledgebase
  • /
  • Agency
  • /
  • Does a listing broker have to act as an intermediary if a buyer interested in the listed property is not represented?

No. The broker may represent the seller only as the seller’s agent. There is no law requiring that a buyer be represented in a transaction. When a broker represents the seller only, the seller is the broker’s client while the buyer is a customer. In those instances, the broker would be obligated to act in the seller’s best interests. An intermediary, on the other hand, would be prohibited from favoring one party over the other.

Source: TAR

X
Welcome to Realty Nation
wpChatIcon
Scroll to Top