What is a "buyer's agent" responsible for?

A buyer's agent is responsible for advocating for the buyer’s interests in a real estate transaction. This role involves guiding the buyer through the complex process of purchasing property, providing advice on market conditions, helping to identify suitable homes, and negotiating offers. The buyer's agent acts in the best interests of the buyer, ensuring that their needs and preferences are prioritized throughout the transaction. This includes obtaining the best possible price and terms on behalf of the buyer, as well as facilitating communication and transactions between the buyer and other parties involved, such as sellers and lenders.

The other options pertain to responsibilities that do not align with the role of a buyer's agent. For instance, representing the seller during negotiations is the role of a listing agent, who advocates for the seller's interests. Managing property appraisals is typically conducted by licensed appraisers, while conducting open houses is usually a task associated with agents representing sellers.