A couple is interested in purchasing residential investment property, and they have informed their sales associate that they want limited representation but do not want to be legally held responsible for the acts of a licensee. Which brokerage relationship is best suited to this couple?

Question

Rojas

Social Studies

9 April, 08:11

A couple is interested in purchasing residential investment property, and they have informed their sales associate that they want limited representation but do not want to be legally held responsible for the acts of a licensee. Which brokerage relationship is best suited to this couple?

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Answers (1)

Know the Answer?

Janessa Nichols · Answer 1

No Brokerage relationship

Explanation:

No Brokerage relationship - in this type of relationship, buyer and seller need not be presented by any broker. Broker entitled in no brokerage relationship is required to list themself in agreement to have commission.

In no brokerage relationship, the broker is the only person and responsible for buying and selling of the property