What is a buyer's agent?

A buyer's agent is specifically defined as a broker who represents the interests of the buyer during a real estate transaction. This role is crucial because the buyer's agent is responsible for advocating for the buyer's needs, preferences, and financial parameters throughout the purchasing process. They provide guidance on market conditions, help identify suitable properties, negotiate terms and conditions, and ensure that the buyer's interests are prioritized.

In contrast, the other roles mentioned involve different responsibilities. For instance, brokers who handle property listings focus on marketing and selling properties on behalf of sellers, while those who negotiate property sales may not have a specific allegiance to the buyer or seller. A broker managing rental properties has a different focus altogether, dealing primarily with leasing and tenant relations rather than facilitating the purchase of real estate. Each of these roles serves unique functions within the real estate market, highlighting the importance of a buyer's agent in ensuring that buyers navigate their transactions effectively and receive representation tailored to their specific interests.