Final answer:
A) True, it is the responsibility of real estate agents to inform buyers or sellers about the various closing costs involved in a transaction as part of their fiduciary duty.
Step-by-step explanation:
The statement that as an agent it is my responsibility to notify the buyer/seller about closing costs is true. In real estate transactions, agents are expected to provide their clients with detailed information regarding the transaction.
Which includes an explanation of all closing costs. These costs may include, but are not limited to, fees for loan origination, inspections, title searches, title insurance, taxes, lender costs, and escrow fees.
As part of their fiduciary duty, agents must ensure that the client is fully aware of and understands all costs involved in the closing process.