Which type of agent may not represent the seller or buyer and acts as a neutral party?

A facilitator, often referred to as a transaction broker in some jurisdictions, serves a unique role in real estate transactions. This type of agent does not represent either the seller or the buyer in the traditional advocacy sense. Instead, the facilitator acts as a neutral party, helping both sides through the transaction process without the fiduciary duties that come with representation.

The facilitator's primary aim is to assist in the smooth execution of the transaction by providing information and ensuring that all paperwork is correctly handled, while maintaining neutrality. This contrasts with a seller or buyer agent, who prioritizes the interests of their respective clients. Designated agents also represent clients and advocate for their specific interests, thus further distinguishing their roles from that of a facilitator.

Overall, the facilitator's neutral stance allows all parties in the transaction to have access to guidance and support without compromising the interests of either side, making this role particularly valuable in transactions where impartiality is desired.