Which responsibility is shared by both agents and transaction brokers?

Both agents and transaction brokers share the responsibility of presenting offers and counteroffers in a timely and truthful manner. This duty is critical in real estate transactions as it ensures that all parties involved have access to accurate and current information, facilitating informed decision-making.

Timeliness is essential because delays in presenting offers can lead to missed opportunities or diminished interest, impacting the outcome of the sale. Truthfulness is equally important, as misrepresentation can lead to legal issues and undermine trust among clients. This shared duty underscores the need for effective communication and professionalism in serving the interests of both buyers and sellers.

While negotiating the price is typically more of an agent's responsibility, transaction brokers focus on facilitating transactions without representing either party in a fiduciary capacity. Conducting open houses and handling financing options can also vary depending on the role of the real estate professional, but they are not universally shared responsibilities in the same way that presenting offers is.