An individual, usually a licensed real estate professional, provides limited representation to a buyer, a seller, or both, in a real estate transaction. This professional assists with the necessary paperwork and facilitates communication between the parties involved. For example, they can draft contracts, present offers, and help navigate the closing process, but without advocating for either party’s specific interests in a way that creates a fiduciary duty.
This arrangement offers a balanced approach, allowing individuals to access professional assistance while retaining control over their negotiations. It can streamline complex deals, minimizing misunderstandings and ensuring compliance with legal requirements. The historical need for this role arose from situations where traditional agency relationships were impractical or undesirable, leading to the creation of a neutral facilitator.
