After the Sub agent form of representation was deemed antiquated by the Real Estate Commission, a new form of representation was made available. This is know as Transaction Broker. Basically all of the tenants of representation are included in this form of representation except full confidentiality. As agents we offer limited confidentiality, meaning, we can represent both sides of the transaction and we just keep each parties details to ourselves, eg if the buyer is willing to pay more than the offer price and they tell you, we cannot communicate this to the Seller. Most of the larger Real Estate Companies prefer this type of representation because it alleviates a number of headaches for the Brokerage.
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