If a broker is representing both buyer and seller in an in-house transaction, what role does the broker fulfill?

In an in-house transaction where a broker represents both the buyer and the seller, the broker takes on the role of an intermediary. This role entails facilitating communication and negotiations between both parties while maintaining an impartial stance. The intermediary must navigate the interests of both the buyer and the seller, ensuring that both sides are informed without favoring one over the other.

This is crucial as the broker must balance the confidentiality and loyalty owed to each party. Acting as an intermediary enables the broker to help achieve a mutual agreement while adhering to legal and ethical standards. By taking on this role, the broker ensures that the transaction proceeds smoothly, with both parties feeling adequately represented and informed throughout the process.