What practice involves negotiating a single transaction within one brokerage while ensuring proper representation for both parties?

The concept of negotiating a single transaction within one brokerage while ensuring proper representation for both parties aligns with the idea of intermediary practice. In this context, an intermediary is a broker who facilitates a transaction where both the buyer and seller are represented by the same brokerage. This responsibility involves balancing the interests of both parties while adhering to legal and ethical obligations.

The intermediary must navigate the complexities of the transaction, ensuring that both parties receive fair treatment and that their respective interests are safeguarded. This is a crucial aspect of maintaining trust and integrity in real estate transactions.

In contrast, dual agency typically refers to a scenario where a single agent represents both the buyer and the seller, which can lead to potential conflicts of interest without careful management. Exclusive representation usually involves a commitment from one party for representation without the dimensions of negotiating between opposing interests under one brokerage. Multiple representation suggests a scenario where the brokerage represents several clients, which complicates rather than simplifies the relationship within a single transaction. Thus, intermediary practice is the most fitting term for the described activity.