Transaction broker
An agent who helps both sides finish a deal without representing either one. They handle paperwork and process, not advocacy. Rules vary by state.
Your Room opens on showings and offers, with everything before the listing already ticked.
Organize my saleFree to set up. Pay once when you list: $89 or $189. 7-day refund.
See how it worksWhere this comes up: on the market
Part 1 of 4
Why a seller cares
A transaction broker helps both sides complete the deal without representing either, so nobody is advocating for your price. Common in some states, and the disclosure form is where it is named.
Part 2 of 4
A simple example
In a state that allows it, one agent handles your FSBO sale as a transaction broker for a flat fee. They fill in forms and track deadlines and give no advice on price.
| What the transaction broker does | What they do not |
|---|---|
| Prepares the contract and tracks deadlines | Advise you on what to counter |
| Keeps both sides informed | Keep your bottom line confidential in the way a fiduciary would |
| Charges a fee, often flat | Owe loyalty to either side |
A transaction broker is a neutral hand on the paperwork.
Part 3 of 4
What people get wrong
That a transaction broker is your agent at a discount. They are nobody's agent, which is the whole definition.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
Your Room defines transaction broker in the step you meet it in, beside the document or the date it belongs to. Free to set up, with an agent or on your own.
Organize my saleFree to set up. Pay once when you list: $89 or $189. 7-day refund.