What is the role of an intermediary in a transaction?

The role of an intermediary in a transaction primarily involves managing communication between the buyer and seller. This position is essential in facilitating discussions, clarifying terms, and ensuring that both parties are informed about each other's interests and concerns. By acting as a conduit for information, the intermediary helps streamline the negotiation process and can mitigate misunderstandings that might arise if the buyer and seller were to communicate directly.

This role does not involve solely representing one party, such as only the seller, or only the buyer. Instead, it balances the needs of both parties, maintaining an objective stance while enhancing the flow of information. The intermediary also does not eliminate the need for buyer representation; rather, it acts as a supportive figure that can work alongside other representatives to promote a smooth transaction process. Negotiating on behalf of the buyer is another distinct role that differs from that of an intermediary, as this would imply a level of authority that goes beyond merely facilitating communication.