What is the difference between a buyer's agent and a seller's agent?

The distinction between a buyer's agent and a seller's agent primarily lies in the interests they represent in a real estate transaction. A buyer's agent is dedicated to advocating for the buyer, ensuring that their needs and preferences are prioritized throughout the buying process. This includes searching for properties that match the buyer’s criteria, providing relevant market information, and negotiating offers on behalf of the buyer.

In contrast, a seller's agent, also known as a listing agent, represents the seller's interests. Their focus is on marketing the property effectively, advising the seller on pricing strategies, and managing negotiations with potential buyers to achieve the best possible sale price.

This fundamental difference in representation is crucial to understanding the roles of agents in real estate transactions, as it affects their responsibilities, strategies, and the types of relationships they build with clients. The correct answer underscores the essential function of each type of agent, clarifying their respective roles in the real estate market.