Which term refers to an agent who acts as a facilitator in a real estate transaction?

Study for the Rhode Island Real Estate Sales Test. Access multiple choice questions with detailed explanations. Prepare effectively and ace your exam with confidence!

In the context of real estate transactions, the term "facilitator" specifically refers to an agent who assists both parties in a real estate deal without representing either party exclusively. This role involves helping to coordinate the transaction process, organizing communications, and ensuring that all necessary documentation is in order, all while maintaining neutrality.

The term indicates that this agent does not advocate for the interests of one party over the other, which sets them apart from traditional agents who represent buyers or sellers. A facilitator focuses on creating an environment where the transaction can proceed smoothly rather than influencing the outcome in favor of one side.

The other terms listed do have distinct meanings in real estate but are not synonymous with the role of a facilitator. For example, an intermediary typically implies a representative acting on behalf of a principal but might imply a more defined relationship with either the buyer or seller. A transactional broker, while similar to a facilitator, usually has more defined duties and obligations, possibly including limited representation to one side. The term "contract broker" is not commonly used in real estate terminology and generally does not correlate with roles involved in facilitating transactions.

Thus, "facilitator" is the most accurate term when referring to an agent who acts neutrally and helps both parties in a

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