Final Answer:
A real estate broker represents and works for all parties involved in a transaction, including the principal (seller), the customer (buyer), and the lender. Their role is to facilitate a successful transaction by serving the interests of everyone involved. Thus, the correct answer is option D - All of the above.
Step-by-step explanation:
A real estate broker works for all parties involved in a transaction, including the principal, customer, and lender. The term "principal" refers to the property owner or seller, the "customer" is typically the buyer, and the "lender" is the financial institution providing the loan. The broker acts as a intermediary, facilitating communication and negotiations between these parties. When working for the principal, the broker aims to secure the best deal for the seller.
Simultaneously, they assist the customer in finding a suitable property and negotiate on their behalf. Additionally, brokers may collaborate with lenders to ensure a smooth financing process for the buyer. The comprehensive role of a real estate broker involves navigating the interests and needs of all parties to facilitate a successful transaction.
Thus, the correct answer is option D - All of the above.