What is the term for a licensee who assists parties in a real estate transaction without acting as an agent for any party?

Prepare for the Wyoming Law Real Estate Broker Exam with comprehensive quizzes, flashcards, and multiple-choice questions. Each question includes hints and explanations to help you excel. Get exam-ready today!

The correct term for a licensee who assists parties in a real estate transaction without acting as an agent for any party is "Facilitator." This role typically involves providing administrative support and guidance to both buyers and sellers without representing either side, thus maintaining neutrality. A facilitator can help coordinate meetings, provide information, and assist with documentation, ensuring that the transaction progresses smoothly.

In contrast, an intermediary involves a higher level of interaction and often acts in the capacity of an agent, particularly in situations where one broker represents both the buyer and seller. An advisor or consultant may provide expertise and advice relating to real estate transactions, but they often imply a fiduciary duty or a purely advisory role rather than a neutral facilitator. Therefore, understanding the distinctions between these roles is essential for ensuring that all parties are aware of the facilitator's neutrality and the services they provide without advocating for either side.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy