Under what specific circumstances is a real estate brokerage permitted to enter into a transaction brokerage relationship with both a buyer and a seller, simultaneously in the same transaction?

Question: Under what specific circumstances is a real estate brokerage permitted to enter into a transaction brokerage relationship with both a buyer and a seller, simultaneously in the same transaction?

Answer options: ✅ Only if both the buyer and seller provide their express written consent to the transaction brokerage agreement.

• When the transaction involves commercial property valued over $1 million.
• If the real estate brokerage is unable to find different designated agents for each party.
• Implicitly, when both parties sign the purchase contract drafted by the same brokerage.

Correct answer: Only if both the buyer and seller provide their express written consent to the transaction brokerage agreement.

Explanation: Transaction brokerage requires the express written consent of both the buyer and seller clients, acknowledging the reduced level of agency duties owed by the licensee, as outlined in the Real Estate Act Rules.