Which term describes an agent who represents the buyer in a property purchase?

The term that describes an agent who represents the buyer in a property purchase is a buyer's agent. This position is crucial in real estate transactions because the buyer's agent acts on behalf of the buyer to help them navigate the complexities of purchasing a property. This includes providing advice on property values, helping to negotiate purchase terms, and guiding the buyer through the entire process of purchasing a home.

This role emphasizes the fiduciary responsibility the agent has to the buyer, which involves loyalty, confidentiality, and full disclosure, ensuring that the buyer's interests are prioritized throughout the transaction. A buyer's agent typically also has expertise in the local market, enabling them to find suitable properties that meet the buyer's criteria.

In contrast, a seller's agent represents the seller, focusing on achieving the best sale price and terms for the owner. A leasing agent specializes in rental properties, helping landlords and tenants manage lease agreements. The term "contract agent" is not commonly used in real estate to refer specifically to agents who represent buyers or sellers, and it might refer more broadly to someone involved in managing agreements in various contexts.