Whom does your REALTOR® represent?
When working with a licensed real estate professional, it is important for you to
know whether he or she is working for you as your
representative or simply working with you. Rhode Island law requires
a broker or salesperson who is assisting you to provide you with a Mandatory Real
Estate Relationship Disclosure form which defines the different types of Real Estate
Relationships. Rhode Island law presumes that all real estate licensees are acting
as Neutral Transaction Facilitators unless otherwise stated on
the required Manadatory Real Estate Disclosure form.
View Manadatory Real Estate Disclosure form
Types of Real Estate Relationships
NEUTRAL TRANSACTION FACILITATOR - A Neutral Transaction Facilitator
is a real estate licensee who provides assistance to a buyer, seller, tenant, or
landlord, or both, in a real estate transaction as a neutral facilitator who does
not represent you.
DESIGNATED CLIENT REPRESENTATIVE - A Designated Client Representative
is a real estate licensee who represents a buyer, seller, tenant, or landlord in
a real estate transaction and advocates on your behalf.
NEUTRAL DUAL FACILITATOR - A neutral Dual Facilitator is an individual
real estate licensee who assists a buyer and seller or tenant and landlord in the
same transaction and must be neutral as to any conflicting interests between the
parties to the transaction.
NEUTRAL TRANSACTION COORDINATOR - A Transaction Coordinator is
a principal broker or his or her designee who supervises a real estate transaction
in a neutral capacity.
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