What is one key responsibility of a transactional broker?

A transactional broker serves a unique role in real estate transactions where they facilitate the process but do not advocate for either party. Their primary responsibility is to act as an intermediary, guiding both the buyer and seller through the transaction to ensure that the process runs smoothly and that all parties meet their obligations. This role is essential in situations where a formal representation relationship, such as that found in traditional agency models, is not established.

By maintaining neutrality, a transactional broker helps to avoid conflicts of interest that can arise when representing one party over another. This enables them to provide services focused on logistical and procedural support rather than taking sides in negotiations. While they may offer some level of assistance or resources, their key duty remains to facilitate the transaction itself, helping both parties achieve their objectives without taking a particular stance in the negotiations.

Understanding this role is crucial for identifying how transactional brokers function differently from traditional agents, who are tasked with advocating for the interests of their clients.