Transaction Broker

[douglk]

What is the name of your state (only U.S. law)? KS

Property Location, KS
Realtor Location, MO (also licensed in KS)
Owner Location, OR
My sister and I are preparing to enter into a contract to sell our agricultural property in Kansas. The contract sent by the listing agent is filled out with contract begin and end dates (spanning 1 year), and a check mark consenting to allow the Broker to act as a Transaction Broker. I’ve read the description of the term as provided with the contract. The only thing I got out of it is a Transaction Broker does not represent my interest as a seller or represent the buyer’s interest. That seems difficult to do, it also seems like a conflict to my interests for which I’m paying a commission.

Could someone explain the advantages and disadvantages to using a Transaction Broker and any credible alternatives?

Thank you
DougWhat is the name of your state (only U.S. law)?

[seniorjudge]

Doug, you get your own real estate agent to represent your interests.

[douglk]

Thanks for the quick reply.

Originally Posted by seniorjudge

Doug, you get your own real estate agent to represent your interests.

How is that accomplished if I give her permission to be a Transaction Broker?

[HomeGuru]

Originally Posted by douglk

What is the name of your state (only U.S. law)? KS

Property Location, KS
Realtor Location, MO (also licensed in KS)
Owner Location, OR
My sister and I are preparing to enter into a contract to sell our agricultural property in Kansas. The contract sent by the listing agent is filled out with contract begin and end dates (spanning 1 year), and a check mark consenting to allow the Broker to act as a Transaction Broker. I’ve read the description of the term as provided with the contract. The only thing I got out of it is a Transaction Broker does not represent my interest as a seller or represent the buyer’s interest. That seems difficult to do, it also seems like a conflict to my interests for which I’m paying a commission.

Could someone explain the advantages and disadvantages to using a Transaction Broker and any credible alternatives?

Thank you
DougWhat is the name of your state (only U.S. law)?

**A: talk to your broker about an exclusive right to sell listing.