What is a buyer's agent?

Prepare for the AREC Arkansas Broker Exam. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for success!

A buyer's agent is a real estate professional who specifically represents the interests of the buyer in a property transaction. This agent works to ensure that the buyer's needs and wants are prioritized throughout the home buying process, which includes tasks such as identifying suitable properties, negotiating offers, and navigating closing procedures.

The role of a buyer's agent is essential because they advocate for the buyer, providing insights about the market and helping to secure the best possible deal. This relationship is established through a buyer's agency agreement, which outlines the responsibilities of the agent and the rights of the buyer, ensuring that the buyer receives dedicated support and expertise tailored to their requirements.

In contrast, other roles such as managing rentals or conducting appraisals fall under different specialties within the real estate field and do not focus on representing the buyer specifically. For instance, a real estate professional representing the seller would focus on marketing the property, while a property manager’s role is to oversee rental properties. An appraiser evaluates property values but does not engage directly in representing either party in a transaction.

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