The 1996 amendment (Bill 489) introduced intermediary agency as an option.

The 1996 amendment (Bill 489) introduced intermediary agency as an option.

• A. FALSE
• B. TRUE
• C. Sometimes
• D. Never

Answer: (B)

Intermediary agency allows one brokerage to facilitate a transaction for both the buyer and the seller while the broker remains neutral. The 1996 amendment, Bill 489, introduced this option by allowing this arrangement if both parties give written consent and the broker’s duties are appropriately limited. In practice, the broker appoints separate licensees to represent each side, protects confidential information, and avoids advocating for one party over the other. Because this amendment established that option, the statement is correct.

Intermediary agency allows one brokerage to facilitate a transaction for both the buyer and the seller while the broker remains neutral. The 1996 amendment, Bill 489, introduced this option by allowing this arrangement if both parties give written consent and the broker’s duties are appropriately limited. In practice, the broker appoints separate licensees to represent each side, protects confidential information, and avoids advocating for one party over the other. Because this amendment established that option, the statement is correct.