"Broker Carr, with ABC Real Estate Company, listed the property of a seller. Broker Smith, with XYZ Real Estate Company, called Broker Carr, and disclosed that he was a Buyer Agent. Broker Smith wrote a contract with a buyer for the sale of the property. What, if any, is the relationship between the buyer's broker, the seller and the listing broker?

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14-02-2020
Business

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"Broker Carr, with ABC Real Estate Company, listed the property of a seller. Broker Smith, with XYZ Real Estate Company, called Broker Carr, and disclosed that he was a Buyer Agent. Broker Smith wrote a contract with a buyer for the sale of the property. What, if any, is the relationship between the buyer's broker, the seller and the listing broker?

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ofentsemaphalla ofentsemaphalla · Answer 1 · 2020-02-17T15:03:17+01:00

Answer:

A. There is not a relationship between the parties. Broker Carr represents the Seller and Broker Smith represents the Buyer. is Correct.

B. customer

C. agency

D. dual agency

Explanation:

Because each agent embodies separate sides of the mortgage, there is no relation.

A transaction broker offers a specific sort of representation in a financial transaction to a buyer, seller or both, but does not serve either as a fiduciary or as a single agent.