Can a broker for the seller represent a non-represented potential buyer?

Can a broker for the seller represent a non-represented potential buyer?

• A. No, the broker cannot work with the buyer
• B. Yes, representing the buyer in a transaction
• C. Yes, but without any representation
• D. Yes, if the buyer agrees to a contract

Answer: (C)

In Connecticut real estate practice, a broker representing a seller can indeed engage with a non-represented potential buyer, but with certain limitations regarding representation. When the broker interacts with the buyer, they can provide information about the property and assist the buyer, but cannot represent the buyer as a client or fiduciary unless an agreement to do so is established. This means the broker can share property details and guide the buyer through the process, but their primary loyalty is to the seller. Thus, the broker's role is more of a facilitator rather than an advocate for the buyer's interests. This situation aligns with the concept of "transaction brokerage," where the broker acts to facilitate a transaction without agency representation for either party. This model upholds the integrity of the broker's obligation to the seller, while still allowing for interaction with prospective buyers.

In Connecticut real estate practice, a broker representing a seller can indeed engage with a non-represented potential buyer, but with certain limitations regarding representation. When the broker interacts with the buyer, they can provide information about the property and assist the buyer, but cannot represent the buyer as a client or fiduciary unless an agreement to do so is established.

This means the broker can share property details and guide the buyer through the process, but their primary loyalty is to the seller. Thus, the broker's role is more of a facilitator rather than an advocate for the buyer's interests. This situation aligns with the concept of "transaction brokerage," where the broker acts to facilitate a transaction without agency representation for either party.

This model upholds the integrity of the broker's obligation to the seller, while still allowing for interaction with prospective buyers.