What does it mean for a buyer or seller to be unrepresented in a transaction?

When a buyer or seller is described as unrepresented in a transaction, it means that they do not have the guidance or support of a licensed real estate professional to assist them through the buying or selling process. This can lead to a variety of challenges, such as a lack of access to market insights, negotiation strategies, and legal protections that agents typically provide.

In real estate transactions, having a professional can significantly impact the outcome in terms of pricing, understanding legal documents, and navigating the complexities of the market. Without representation, buyers or sellers may struggle to make informed decisions or adequately protect their interests throughout the transaction.