← Glossary
Agents and brokerages
Transaction broker
An agent who helps both sides close a deal without representing either one. Allowed in some states, like Florida and Colorado.
Also called: facilitator, non-agency
Related terms
Dual agency
One agent or brokerage representing both buyer and seller in the same deal. It needs written consent from both, and some states ban it.
Agency disclosure
A form that tells a buyer or seller who the agent works for. Most states require it at or before the first real conversation about a property.
Fiduciary duty
The legal duty an agent owes their client: loyalty, obedience, disclosure, confidentiality, accounting and reasonable care.