What is a "facilitator" role in a real estate transaction in Indiana?

The facilitator role in a real estate transaction serves a unique function that involves assisting both the buyer and the seller in the negotiation process without advocating for either party. This role is crucial for maintaining neutrality and ensuring that all parties are informed during the transaction. Facilitators do not owe fiduciary duties to either side, which allows them to help coordinate communication, facilitate understanding, and streamline the process without taking on the responsibilities associated with representing a particular client's interests.

This neutrality helps promote fairness and transparency, making it easier for both parties to reach an agreement. Facilitators can provide valuable information, assist with paperwork, and help clarify any issues that arise during negotiations. However, they do not represent one side's interests over the other, which differentiates them from agents who have a vested interest in promoting their client’s goals.

Understanding this role is important for anyone participating in real estate transactions in Indiana, as it impacts the dynamics of negotiations and the overall process of buying or selling property.