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Buyer's agent: Represents only the buyer in the transaction.

a. special agent
b. general agent

User Skybondsor
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1 Answer

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Final answer:

A buyer's agent represents the buyer in a property transaction and is usually considered a special agent, as their authority and responsibilities in relation to the buyer are specific and limited.

Step-by-step explanation:

In the context of real estate, a buyer's agent is a representative who works exclusively for the buyer in a property transaction. This agent provides various services to the buyer, including finding properties, facilitating viewings, negotiating terms of purchase, and assisting through the closing process. Considering the definition and responsibilities, a buyer's agent is typically classified as a special agent. This is because they are authorized to perform specific acts or engage in specific transactions for the principal (the buyer in this case). Unlike general agents, who have broader and ongoing responsibilities to their principals, special agents are hired for their expertise for a particular, limited purpose.

User Doradus
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