customer: Transaction Brokerage in Colorado--What the Heck is That?!! - 01/24/10 01:42 PM
 
Most people have some concept of agency, although a lay person may not understand completely the legal definition and ramifications of agency.  To confuse the issue, many people refer to a licensed real estate professional as a real estate agent, without considering or appreciating the legal significance of the term "agent."
In Colorado, not all real estate brokers or sales associates are agents.  There are 2 relationships a real estate broker can have when working with a buyer or seller, that of agent or transaction broker.  Transaction brokerage is unique to Colorado and a handful of other states.  Actually, I … (7 comments)