What is the role of transactional brokers?

Transactional brokers serve the important function of facilitating a real estate transaction without representing either the buyer or the seller. Their primary role is to ensure that the transaction proceeds smoothly by coordinating the various aspects involved, such as paperwork, communication between parties, and compliance with relevant laws and regulations. This neutral position allows transactional brokers to assist all parties involved without having a fiduciary duty to either side, which distinguishes them from traditional agents who advocate for one party's interests.

In this role, they may provide valuable services such as providing information about the property, handling offers and counteroffers, and ensuring all necessary documentation is completed correctly. By focusing on the transaction process itself rather than an advocacy role, transactional brokers aim to bridge gaps between the parties and help facilitate an agreement.

The other options focus on specific duties or roles that are not characteristic of transactional brokers. For instance, representing buyers exclusively or advising on pricing strategies suggests a vested interest that would not align with the impartial nature of a transactional broker. Similarly, acting as a mediator in disputes tends to imply a more involved role in conflicts, which falls outside the neutral facilitative role a transactional broker occupies.