What responsibility does a buyer's agent have in a real estate transaction?

In a real estate transaction, a buyer's agent has the critical responsibility of representing the buyer's interests with full disclosure and loyalty. This means that the agent must advocate for the buyer, ensuring that their needs and preferences are prioritized throughout the transaction. This includes providing advice on property values, helping to identify suitable properties, negotiating on behalf of the buyer, and maintaining confidentiality when necessary.

The duty of loyalty involves acting in the best interest of the buyer, which can include disclosing any pertinent information that may influence a buyer's decision, advising them against unsuitable offers, and working diligently to secure the best possible terms for the purchase. This fiduciary relationship is fundamental in real estate transactions, as it builds trust and ensures that the buyer is well-informed and represented.

While reviewing lease agreements and managing property renovations are important tasks in real estate, they are not primary responsibilities of a buyer's agent. Similarly, representing the seller's interests is contrary to the role of a buyer’s agent, as their focus should solely be on serving the buyer. This clear delineation of responsibilities ensures that buyers receive the dedicated representation they need during the complex process of purchasing property.