Must a transaction broker provide a notice when acting for the buyer?

In real estate transactions where a broker is acting as a transaction broker, there is generally no requirement to provide a notice to the buyer. A transaction broker facilitates the transaction without an agency relationship, meaning they do not represent either party but instead assist in the transaction process. This neutrality allows the broker to act impartially and without the traditional fiduciary duties that come with agency roles.

In most jurisdictions, the regulations governing transaction brokers do not mandate that they provide a notice to the buyer when acting in this capacity. The role of a transaction broker is to provide relevant information about the transaction itself, facilitate negotiations, and help ensure that all parties understand the terms of the deal. While communication is important, the specific requirement to issue a notice is not deemed necessary. Understanding this distinction is crucial for both buyers and brokers to navigate their responsibilities and rights effectively in real estate transactions.