Oregon 30-Hour Real Estate Law Practice Test

What is a primary responsibility of a buyer's agent?

1. To represent the seller's interests

2. To negotiate with inspection services

3. To represent the buyer's interests

4. To evaluate property market trends

The correct answer is: To represent the buyer's interests

The primary responsibility of a buyer's agent is to represent the buyer's interests. This entails acting as an advocate for the buyer throughout the home buying process. The buyer's agent is tasked with understanding the buyer's needs, preferences, and budget while searching for properties that meet these criteria. This includes providing guidance on pricing, making offers, and negotiating terms on behalf of the buyer. A key aspect of the buyer's agent role is to ensure that the buyer is well-informed about the property and the market conditions. This involves analyzing comparable property values, advising on the potential for appreciation or depreciation, and helping navigate any potential issues that may arise during the buying process. The buyer's agent must prioritize the buyer's best interests, ensuring they receive the best possible advice and support as they make one of the most significant purchases of their life. While negotiating with inspection services and evaluating property market trends may be part of a buyer's agent's duties, they are ultimately secondary tasks in the context of the main role, which is to ensure that the buyer's interests are fully represented and protected throughout the transaction.