1.) A couple decided to list their house for sale with a broker who agreed to split the commission equally with any broker who procured a buyer. One month into the listing the seller signs a sales contract that was procured by a broker from another company acting as a transaction broker. In Missouri which of the following is true in the situation: A) The listing broker represents both the buyer and the seller. B) Both the listing broker and the selling broker represent the seller C) The selling broker represents neither D) The selling broker represent the buyer Can you explain why it is D. I think its c because its a transaction broker. and they don't represent neither parties, they don't owe no fiduracy duties.
Added by Kimberly R.
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The listing broker (seller’s broker) has fiduciary duties to the seller. The broker who procured the contract from another company is acting as a transaction broker (not a fiduciary for either party). Show more…
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