The information contained herein is derived from sources believed to be reliable.   However, such information is not guaranteed or warranted. Ideal Valley Realty, LTD. and seller assume no responsibility for omissions, corrections, withdrawals or prior sales.  Buyers are encouraged to make their projections as to value, income water rights, etceteras with the use of their own attorney and/or accountant.

A transaction broker is a broker who assists one or more parties throughout a contemplated real estate transaction with communication, interposition, advisement, negotiation, contract terms, and the closing of such real estate transaction without being an agent or advocate for the interests of any party to such transaction. 

The transaction broker thus works for the transaction without being an agent or advocate for the parties involved.  The principals are relieved from vicarious liability for any misrepresentation or negligence committed by the transaction broker.   At the same time, however, the transaction broker does not have the duties of "utmost good faith, loyalty, and fidelity" to either party.

The transaction broker has the following obligations and responsibilities:

1. to perform the terms of any written or oral agreement;

2. to exercise reasonable skill and care as a transaction broker;

3. to present all offers and counteroffers in a timely manner regardless of whether the property is subject to a contract for sale or lease or letter of intent;

4. to advise the parties regarding the transaction;

5. to account for all money and property received;

6. to keep the parties fully informed regarding the transaction;

7. to assist the parties in complying with the terms and conditions of any contract including closing the transaction.

A transaction broker may not disclose the following information without the informed consent of all parties:

1. that a buyer or tenant is willing to pay more than the purchase price or lease rate offered for the property;

2. that a seller or landlord is willing to accept less than the asking price or lease rate for a property;

3. >what the motivating factors are for any party buying, selling, or leasing the property;

4. that a seller, buyer, landlord, or tenant will agree to financing terms other than those offered.