Dan, a licensed broker, has no written agreement with a seller or a prospective buyer. In this situation, Dan can only act as a:

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18-01-2022
Business

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Dan, a licensed broker, has no written agreement with a seller or a prospective buyer. In this situation, Dan can only act as a:

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chibuikeumeh chibuikeumeh · Answer 1 · 2022-01-31T12:13:47+01:00

Dan, a licensed broker, has no written agreement with a seller or a prospective buyer. In this situation, Dan can only act as a Transaction Broker.

Broker

A broker is a person or firm who arranges transaction between a buyer and seller for a commission.

Transaction broker

This is a real estate agent or firm that provides customer service to a buyer and seller in a real estate transaction.

Therefore, for Dan, who is a licensed broker, he would act as a transaction broker to close the deal with a prospective buyer without a written agreement.