In which scenario would a broker be considered an intermediary without appointments?

A broker is considered an intermediary without appointments when they work alone or sponsor only one license holder. In this scenario, the broker acts as a neutral party in a transaction without designating specific responsibilities to individual agents. This means the broker facilitates the transaction by ensuring that both parties have the information needed to make informed decisions while maintaining impartiality.

When a broker operates without appointments, they retain overall control of the transaction, which can simplify the process and reduce potential conflicts of interest. Without multiple agents involved, the broker can efficiently manage the relationships between the clients directly. This situation often arises with smaller brokerages or independent brokers who handle transactions personally.

In contrast, scenarios involving backing multiple transactions, representing numerous clients simultaneously, or having a team of agents typically suggest the involvement of multiple stakeholders and appointments would likely be necessary to navigate the various relationships and responsibilities effectively.