Typically, what is the role of a cooperating broker who learns about a property through the MLS?

In real estate, a cooperating broker is one who represents a buyer or seller in a transaction, often as a result of finding a property listed in a Multiple Listing Service (MLS). When a cooperating broker learns about a property through the MLS, they typically represent the buyer as their agent.

This means that the cooperating broker has a fiduciary duty to the buyer, which includes advocating for their best interests, negotiating the terms of the purchase, and providing guidance throughout the transaction process. The cooperating broker also works to find properties that meet their client's criteria and helps facilitate the communication between the buyer and the seller or the listing agent.

In contrast, other roles such as a seller's subagent would involve representing the seller's interests rather than the buyer's. Similarly, acting as neither buyer nor seller would not fulfill the role of a cooperating broker, as there is usually a clear representation established when engaging with properties from the MLS. Thus, the most accurate depiction of the cooperating broker's role in this context is that of representing the buyer as an agent.