What does 'no brokerage relationship' mean for a seller or buyer?

The term 'no brokerage relationship' indicates that a seller or buyer has chosen not to engage with a broker for representation in their real estate transaction. This means that the party is opting to handle the transaction independently without the guidance or assistance of an agent or broker. In this scenario, they are not receiving the benefits that come from having a broker represent their interests, such as advice on pricing, negotiation strategies, or access to listings.

This choice empowers the individual to make decisions on their own, without the influence or obligations that come with a formal brokerage relationship. They must also be aware that they take on more responsibility in the transaction since they are foregoing the professional support typically provided by a broker.

Other options do not align with the definition of 'no brokerage relationship.' Being fully represented by a broker would mean that there is an established agency relationship, while misrepresentation implies dishonesty in the relationship, which contradicts the meaning of having no brokerage involvement. Additionally, a transaction broker relationship implies some level of representation, which is not the case when there is a 'no brokerage relationship' stated.