Who is a "buyer’s agent" in a real estate transaction?

Study for the National Real Estate Exam. Explore multiple-choice questions, flashcards, hints, and explanations. Gear up to ace your test!

A buyer’s agent is a real estate professional who acts specifically on behalf of the buyer in a transaction. This role involves advocating for the buyer's interests throughout the buying process, which can include searching for suitable properties, negotiating offers, and guiding the buyer through the complexities of real estate transactions. The primary responsibility of a buyer’s agent is to provide the buyer with the information and support needed to make informed decisions, ensuring their needs and preferences are prioritized.

This contrasts with the role of a seller’s agent, who represents the interests of the seller. The focus of a buyer's agent is not just to facilitate a sale but to ensure that the buyer feels supported and informed each step of the way. In addition, buyer's agents often have a fiduciary duty to their clients, meaning they are obligated to act in the best interest of the buyer.

Understanding the distinct roles within real estate transactions is important. It helps clients recognize the type of representation they will receive and the responsibilities that come with it. By highlighting the specific commitment of a buyer's agent to the buyer's interests, it becomes clear why this answer accurately captures the essence of the role.

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