What must a broker acting as a transaction broker provide to a buyer with no written agreement?

A broker acting as a transaction broker is required to provide a written disclosure to the buyer that outlines the broker's role and responsibilities in the transaction. The "Brokerage Disclosure to Buyer" serves as an important document that clarifies the nature of the brokerage relationship, ensuring the buyer understands they are working with a transaction broker rather than an agent representing their interests exclusively.

This requirement exists to promote transparency and protect consumers in real estate transactions. By providing a copy of this disclosure, the broker fulfills their duty to inform the buyer of the transactional relationship, even in the absence of a formal written agreement.

The other options do not fulfill the regulatory requirements for disclosures in a real estate transaction. A verbal agreement may lack the necessary legal standing and clarity that the written disclosure provides. A list of available properties does not address the broker's duties or their relationship with the buyer. Lastly, an invoice is not applicable unless services have been rendered, which is not the case in the context mentioned in the question. Thus, providing the "Brokerage Disclosure to Buyer" is the appropriate and required action.