What is a transaction broker and how does it differ from an agent?

A transaction broker facilitates a real estate transaction without representing either the buyer or the seller, providing services like preparing paperwork, presenting offers, and coordinating inspections without fiduciary duties. Unlike an agent who owes loyalty and confidentiality to one party, a transaction broker owes equal duties of honesty, fairness, and competence to both parties. Transaction brokerage is used in states that have eliminated dual agency, such as Colorado and Florida. ---