Which agent represents the buyer’s interests in a transaction?

Study for the FBLA Real Estate Exam with flashcards and multiple choice questions that offer hints and explanations. Prepare effectively for success in your exam!

Multiple Choice

Which agent represents the buyer’s interests in a transaction?

Explanation:
The buyer's agent is the individual who represents the buyer's interests throughout a real estate transaction. This agent's primary role is to advocate for the buyer's needs, preferences, and financial interests. They assist the buyer in locating properties that meet their criteria, providing market analysis, negotiating offers, and navigating the complexities of the buying process. By focusing solely on the buyer's objectives, the buyer's agent helps ensure that the buyer receives the best possible deal and optimal terms. In contrast, the other roles mentioned serve different functions. A dual agent acts on behalf of both the buyer and the seller, which can lead to conflicts of interest as they must balance the needs of both parties. The seller's agent represents the seller's interests exclusively, often prioritizing the seller’s goals over those of the buyer. A subagent may assist the seller's agent but does not represent the buyer, and ultimately their loyalty lies with the seller. Therefore, the choice of the buyer’s agent clearly stands out as the correct representation of the buyer's interests.

The buyer's agent is the individual who represents the buyer's interests throughout a real estate transaction. This agent's primary role is to advocate for the buyer's needs, preferences, and financial interests. They assist the buyer in locating properties that meet their criteria, providing market analysis, negotiating offers, and navigating the complexities of the buying process. By focusing solely on the buyer's objectives, the buyer's agent helps ensure that the buyer receives the best possible deal and optimal terms.

In contrast, the other roles mentioned serve different functions. A dual agent acts on behalf of both the buyer and the seller, which can lead to conflicts of interest as they must balance the needs of both parties. The seller's agent represents the seller's interests exclusively, often prioritizing the seller’s goals over those of the buyer. A subagent may assist the seller's agent but does not represent the buyer, and ultimately their loyalty lies with the seller. Therefore, the choice of the buyer’s agent clearly stands out as the correct representation of the buyer's interests.

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