What does Paragraph 8 of the TAR Residential Buyer/Tenant Representation Agreement provide information about?

Paragraph 8 of the TAR Residential Buyer/Tenant Representation Agreement specifically addresses intermediaries. This section is important as it clarifies the role of the broker when acting as an intermediary in a transaction. An intermediary is a broker who represents both the buyer and the seller (or landlord and tenant) in a single transaction. This arrangement can pose potential conflicts of interest, so the paragraph outlines the broker's duties and requirements to maintain fairness and transparency to all parties involved. This ensures that both buyers and sellers, or landlords and tenants, are informed of how their interests will be managed during the transaction process. Understanding intermediaries is crucial in real estate transactions, as it delineates the boundaries and expectations of representation.