In a typical property transaction, the estate agent generally acts as the agent of which party?

In a typical property transaction, the estate agent generally acts as the agent of which party?

• A. The buyer
• B. The vendor
• C. The lender
• D. The tenant

Answer: (B)

In a property sale, the estate agent is engaged by the person selling the property to market it and handle the sale. They act as the seller’s representative, guiding viewings, presenting offers, and negotiating terms to get a buyer for the vendor. They owe duties to the seller as their client, including acting in the seller’s best interests. The lender or the tenant aren’t the agent’s default clients in a typical sale, unless a separate buyer’s agent arrangement exists or a dual-agency setup is used with consent. So the estate agent’s primary role is to represent the vendor.

In a property sale, the estate agent is engaged by the person selling the property to market it and handle the sale. They act as the seller’s representative, guiding viewings, presenting offers, and negotiating terms to get a buyer for the vendor. They owe duties to the seller as their client, including acting in the seller’s best interests. The lender or the tenant aren’t the agent’s default clients in a typical sale, unless a separate buyer’s agent arrangement exists or a dual-agency setup is used with consent. So the estate agent’s primary role is to represent the vendor.