What is a Transactional Agent and What Do They Do?
AuthorReal Estate Experts. Date:
In real estate, there are several different types of agents and brokers who perform different duties. Some agents are employed by buyers, while others work exclusively for sellers. There are also ones that do both. A transactional agent is one who focuses on neutrally facilitating a real estate transaction between a buyer and a seller. In this article, we’ll go over what a transactional agent is, their responsibilities and limitations, and the benefits and risks associated with working with one. What is a Transactional Agent? A transactional agent is a type of real estate agent that focuses on facilitating transactions between buyers and sellers. In other words, they are neutral parties in the transaction who work to ensure that all contractual obligations are met by both parties involved. Transactional agents typically work for a real estate brokerage firm and are compensated through commission-based pay. Because of their neutrality, they do … Continued
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