What is the Transaction Brokerage Addendum to Listing Contract designed to do? Avoid a dual agency situation. When the seller signs this form, he or she is authorizing the licensee to act as a transaction broker for both the seller and the buyer if a buyer approaches the licensee for representation in the transaction.

What is a transaction brokerage agreement?

A transaction brokerage provides third-party real estate services to buyers and sellers. A real estate agent is, by law, legally bound to assist only one party in a real estate transaction. ... Instead of acting as an agent for the buyer or seller, the transaction broker can be described as a professional assistant.

What is Brreta in real estate?

The Brokerage Relationships in Real Estate Transactions Act (BRRETA) is an act designed to protect consumers and requires that agency relationships be explained to all prospective customers and clients.