In a real estate context, who is commonly referred to as a seller’s agent?

Prepare for the Law of Agency Test. Delve into multiple choice questions featuring hints and explanations. Sharpen your understanding of agency law and gear up for success!

In real estate, the term "seller's agent" specifically refers to the listing agent. The listing agent is responsible for representing the seller in the sale of a property. Their primary role includes marketing the property, setting the appropriate selling price based on market analysis, and negotiating offers on behalf of the seller. This agent has a fiduciary duty to the seller, which means they must act in the best interests of the seller throughout the transaction process.

In contrast, a buyer’s representative is focused on assisting buyers in finding and purchasing properties, which establishes a different loyalty and responsibility. A transaction coordinator primarily oversees the logistical aspects of a real estate transaction, such as paperwork and timelines, but does not represent either party. Lastly, a market analyst conducts research on market trends and property values but does not engage directly in agency relationships with buyers or sellers. Therefore, the listing agent is the correct designation for the seller's agent in real estate.

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