What does "Intermediary with appointments only" imply in real estate transactions?

"Intermediary with appointments only" in real estate transactions indicates that another agent from the same firm must be involved in the transaction to represent the interests of either the buyer or the seller. This concept is rooted in the idea of maintaining dual agency legally and ethically.

In intermediary situations, a broker or agent is trying to facilitate a transaction where they represent both parties. By requiring appointments, it ensures that there is a clear framework for communication and representation. This structure helps to manage potential conflicts of interest and ensures that both parties are adequately represented.

When another agent from the firm is brought in, it allows for separate representation, giving each party the necessary fiduciary duties and responsibilities toward their interests. This arrangement helps uphold the integrity of the real estate transaction and provides additional protections for the clients involved.

The other options do not align with the definition and operating principles of intermediary relationships in real estate, highlighting the importance of having appropriate representation to balance the interests of both parties.