What Is a Transaction Broker and Do I Need One?
If you’re considering transferring a property to a family member, selling your home to a friend, or buying one from someone you know, you might be asking, “Do I need a real estate agent?” For these and other situations, you may want to hire a transaction broker. Understanding what a transaction broker is and determining if you need one could simplify your real estate deal. How Much Is Your Home Worth Now? Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator. Get Estimate What is a transaction broker? A transaction broker acts as a neutral third party in real estate transactions, assisting both the buyer and the seller without representing either party’s interests over the other. Unlike traditional agents who work exclusively for the buyer or seller, transaction brokers provide a balanced service, focusing on facilitating the transaction efficiently. Their role is to e...