You need to know – What is a no broker relationship?

YouNeedToKnowWeb500A no broker relationship exists when a member of the public chooses not to be represented by a real estate broker, and signs a No Brokerage Relationship Disclosure Form acknowledging this fact.

In such a case the broker would facilitate the purchase or sale of real estate without entering into a single agent or transaction broker relationship

When working in a no broker relationship for the customer the broker has a duty to:

  • Deal honestly and fairly
  • Disclose all known facts that affect the value of the property
  • Account for all funds