If an agent works on behalf of the buyer, what is the agent referred to as?

An agent who works on behalf of the buyer is referred to as the buyer's agent. This designation is important because it signifies a clear fiduciary relationship where the agent's primary responsibility is to represent the interests of the buyer throughout the real estate transaction. The buyer's agent assists the buyer in finding properties, negotiating offers, and navigating the complexities of the buying process. This role emphasizes loyalty to the buyer, ensuring that the agent advocates for the buyer's needs and goals.

In contrast, other types of agents have different roles and responsibilities. A seller's agent represents the interests of the seller. A dual agent acts on behalf of both the buyer and the seller in the same transaction, which can pose conflicts of interest. A transactional agent, while not siding exclusively with either party, facilitates the transaction without fostering a fiduciary relationship. Thus, identifying the agent working exclusively for the buyer as the buyer's agent is essential in understanding agency relationships in real estate transactions.