Who decides whether a broker will act as an intermediary, the broker or the parties?

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  • Who decides whether a broker will act as an intermediary, the broker or the parties?

Initially, the broker, in determining the policy of the firm. If the broker does not wish to act as an intermediary, nothing requires the broker to do so. If the broker’s policy is to offer services as an intermediary, both parties must authorize the broker in writing before the broker may act as an intermediary or appoint licensees to work with each of the parties.

Source: TAR

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