What is a "buyer's agent" in real estate transactions?

A "buyer's agent" is defined as an agent who represents the buyer's interests in a property transaction. This role is crucial in the real estate industry as it ensures that the buyer has professional guidance throughout the home buying process. The buyer's agent advocates for the buyer, helping them navigate the complexities of real estate transactions such as negotiating the purchase price, evaluating property values, and advising on contingencies and inspections.

The value of a buyer's agent lies in their ability to understand the market, provide insight into the negotiation process, and assist with the paperwork required for closing a deal. By focusing on the buyer's needs and objectives, this agent helps to secure the best possible deal for the client while providing support and expertise tailored specifically for the buyer.

In contrast, other roles such as those of an agent representing the seller or a real estate lawyer do not align with the definition of a buyer's agent. A seller's agent is focused on promoting and selling the property on behalf of the seller, while an individual assisting with property appraisals or a lawyer specializing in real estate serves different functions that do not involve direct representation of the buyer in transactions.