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This question is about what an agent does, what a transaction coordinator does, and agent.
Single Agent vs. Transaction Broker
A single agent is a broker who represents either the buyer or the seller, but not both in the same transaction. While a transaction broker provides a limited form of representation to a buyer, seller, or both during a transaction, but does not represent either in a fiduciary capacity.
A single agent is the highest form of representation allowed in most states for real estate transactions. This means that customers can have confidence that their agent is representing only their interests. Single agents must deal honestly and fairly, account for all funds, and have full disclosure in the transaction.
A transaction broker is there to help put the real estate transaction together, but technically do not represent the buyer or the seller. They may (or may not) have a person's best interests in mind. They perform the terms of any written or oral agreements, fully inform both parties, and assist with contracting.
There are many differences between a single agent and a transaction broker including who they represent.
Here are the key differences between a single agent and a transaction broker:
A single agent represents either a buyer or a seller (not both)
A transaction broker does not represent the buyer or the seller
A seller agent must act in their clients' best interests
A transaction broker does not have an obligation to either party
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