What does an "In-House" transaction mean in real estate?

In real estate, an "In-House" transaction refers to a situation where both the buyer and the seller are represented by the same brokerage. This type of transaction can lead to efficiencies in the sale process, as the brokerage handles all aspects of the deal internally, facilitating communication and negotiations between both parties.

This arrangement can often provide a streamlined experience for clients since the same brokerage has a vested interest in closing the deal smoothly for both sides. It helps in maintaining consistency in the representation of the interests of both the buyer and the seller, making it easier to coordinate timelines, appointments, and negotiations.

Other choices describe situations that do not accurately define an "In-House" transaction in the real estate context. For instance, a transaction managed by a single agent does not specify the representation of both parties by the same brokerage, and a deal only between family members does not inherently involve brokerage representation, while a process involving multiple agencies directly contradicts the concept of an "In-House" transaction.