What is the role of a transaction broker in Colorado?

• A. Represents neither party's interests
• B. Represents only the buyer
• C. Represents only the seller
• D. Facilitates the transaction by assisting both parties while not representing either as a fiduciary, with disclosures

Answer: (D)

In Colorado, a transaction broker mediates the real estate process by helping both the buyer and the seller move the deal forward, but without acting as a fiduciary for either party. This means the licensee can assist with negotiations, paperwork, and communication, while remaining neutral and not advocating for one side over the other. The role requires clear disclosures about their position and any known material facts, so both parties can make informed decisions. This approach differs from representing one party exclusively, which would imply fiduciary duties and loyalty to that party; instead, the transaction broker focuses on facilitating the transaction and ensuring fair treatment for both sides.