Question

In a real estate transaction, both the seller's agent and the buyer's agent are legally required to put whose interest first?

1) Their own prospect's
2) The buyers'
3) The seller's
4) Their principal's

Answer 1

Both the seller's agent and the buyer's agent are legally required to put the principal's interest first in a real estate transaction.

In a real estate transaction, both the seller's agent and the buyer's agent are legally required to put the principal's interest first.

The principal refers to the person or entity that the agent represents, which is either the buyer or the seller.

It is the agent's duty to act in the best interest of their principal, which means they must prioritize their principal's needs and goals over their own or any other party involved in the transaction.