What is a feature of an intermediary transaction?

In an intermediary transaction, a single broker represents both the buyer and the seller in a real estate transaction. This arrangement allows the broker to facilitate communication and negotiations between the parties while maintaining a neutral stance. The intermediary role is significant because it provides efficiency in the transaction process and can help manage conflicts of interest that might arise when dealing with two separate agents.

This contrasts with situations where separate brokers are involved for the buyer and seller, which can lead to potential miscommunication and conflicting interests. Additionally, intermediary transactions are not limited to just commercial properties, as they can occur in residential real estate transactions as well. The aspect of requiring two separate agreements does not align with intermediary transactions, since the focus is on having one broker manage both sides rather than engaging two separate brokers. Thus, the involvement of a single broker representing both parties is the defining feature of an intermediary transaction.