A nonagent broker does not represent either the buyer or the seller in a fiduciary capacity but may assist both parties in a transaction for the purpose of closing. They do not negotiate on behalf of either party but can facilitate the transaction by preparing documents, arranging appointments, and providing other administrative services.

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A Nonagent Broker

Question 107

Multiple Choice

A nonagent broker:

A) Represents the seller.
B) Represents the buyer and seller for closing purposes.
C) Represents the buyer for purposes of negotiation.
D) Represents both the buyer and the seller for purposes of drafting documents.

Correct Answer: