What is a transaction broker's duty toward the buyer?

In a real estate transaction, a transaction broker plays a neutral role, representing neither party exclusively. Their primary duty is to facilitate the transaction in a way that ensures a fair and transparent process for both the buyer and the seller.

When it comes to the buyer, the transaction broker's duty includes the timely disclosure of conditions that may adversely affect the property. This can encompass things such as potential structural issues, environmental hazards, or any other factors that might impact the buyer's decision to proceed with the purchase. By disclosing this information, the transaction broker helps the buyer make an informed decision, ensuring that they are aware of any risks associated with the property. This duty to disclose is crucial in maintaining transparency and trust within the real estate transaction.

Other choices focus on actions that are not within the defined role of a transaction broker. For instance, investigating conditions or independently verifying statements is typically outside the scope of a transaction broker's responsibilities, which centers on facilitating communication and ensuring that all parties are treated fairly. Likewise, disclosing all information learned about the seller could breach confidentiality and goes against the neutral role that a transaction broker must uphold. Thus, the correct answer emphasizes the importance of disclosing relevant property conditions to ensure that the buyer can make a well-informed