Which form of agency relationship provides limited duties to both sides and does not represent either party exclusively?

• A. Designated agency
• B. Transaction broker
• C. Dual agency
• D. Single agent

Answer: (B)

Transaction broker provides limited duties to both sides and does not represent either party exclusively. The broker assists with the process, coordinates negotiations and paperwork, while staying neutral and not owing fiduciary loyalty to a single client. The duties involved are to deal honestly and fairly, disclose known material facts, account for funds, and use reasonable care, rather than offering exclusive loyalty or confidentiality to one party. This differs from a single-agent relationship (fiduciary duties to one party), designated agency (two agents representing each side within the same firm), or dual agency (one licensee represents both sides with potential conflicts). So, the form described is a transaction broker.