1
Intermediary Brokerage Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
What is intermediary brokerage?✔✔It is when a broker represents both the buyer and the seller in the same transaction.
When must intermediary brokerage be disclosed?✔✔Before a client enters into a transaction involving both parties represented by the same broker.
What is required before a broker can act as an intermediary?✔✔Written consent from both the buyer and the seller.
Can an agent act as an intermediary without written permission from both parties?✔✔No, written consent is required from both sides.
In an intermediary relationship, who does the broker represent?✔✔The broker represents both the buyer and the seller fairly and impartially. 1 / 2
2
What is the purpose of appointing associates in an intermediary transaction?✔✔To allow different license holders to provide advice and opinions to each party while maintaining impartiality.
Who is responsible for appointing the sales agents in an intermediary transaction?✔✔The broker.
What happens if a broker does not appoint agents in an intermediary transaction?✔✔The broker must remain completely neutral and may not provide advice or opinions to either party.
What is the key limitation of an intermediary without appointments?✔✔The broker and all agents must remain neutral and may not give opinions or negotiate on behalf of either party.
Can a broker be an intermediary in every transaction?✔✔Only if the broker has written consent and both parties are clients of the broker.
- / 2