In transaction brokerage, what does concurrent representation involve?

Concurrent representation in transaction brokerage specifically refers to the practice of representing both the buyer and the seller within the same brokerage. This means that a single real estate company has the responsibility to facilitate a transaction where both parties are clients.

In this context, it’s important to understand that the brokerage must maintain a neutral stance, ensuring fair treatment of both the buyer and seller throughout the process. This dual representation allows for efficiency in communication and negotiations, as both parties are working through the same firm.

Other options do not accurately define concurrent representation. Representing multiple sellers refers to a situation where a broker has clients who are all sellers, which does not equate to representing both sides of a transaction. Facilitating services between competing clients involves a broader range of services but does not specifically address the dual representation in a transaction. Acting as a mediator for disputes is more about resolving conflicts rather than the process of representation in a transaction context.