Which duty is NOT required of a transaction broker?

In a real estate transaction where a transaction broker is involved, the role is to facilitate the transaction without representing either party as a client. This means the transaction broker does not owe the same fiduciary duties to either party as an agent would. One of the key duties that a transaction broker does not have is the obligation to exercise loyalty to one party.

Loyalty is a fiduciary duty that requires an agent to act in the best interests of their client, which is not applicable in a transaction broker relationship. Instead, transaction brokers must remain neutral and cannot favor either party, thus ensuring fairness in the transaction process.

On the other hand, transaction brokers are indeed expected to deal honestly and fairly, maintain confidentiality, and present all offers and counteroffers as they facilitate the transaction between the buyer and seller without representing either one specifically. This distinguishes their responsibilities from those of an agent who represents a client more personally and with loyalty.