In real estate, what does a transaction broker do?

A transaction broker plays a unique role in real estate by facilitating a transaction without providing formal representation to either party involved. This means that instead of advocating exclusively for the buyer or the seller, the transaction broker acts as a neutral intermediary. Their primary responsibility is to assist both parties in completing the transaction efficiently while ensuring that all legal and procedural aspects are adhered to.

This role is particularly useful in situations where both the buyer and the seller do not wish to engage a fully representative agent, thereby allowing all parties to remain relatively unbiased. The transaction broker's tasks can include coordinating communications, organizing showings, and ensuring that the necessary paperwork is handled properly, but they do not enter into the advocate role that a traditional agent would.

In contrast, the other options suggest tasks or roles that represent specific parties, which is not aligned with the nature of a transaction broker's responsibilities. This distinction is crucial for understanding how transaction brokers serve a unique function in the real estate market, ensuring that all parties can move towards a successful transaction without taking sides.