Who has a fiduciary responsibility to the buyer in a real estate transaction?

In a real estate transaction, the buyer's agent has a fiduciary responsibility to the buyer. This means that the buyer's agent is legally and ethically obligated to act in the best interests of the buyer throughout the buying process. This fiduciary duty includes providing full disclosure, loyalty, confidentiality, and care, which helps ensure that the buyer is fully informed and protected during the transaction.

The buyer's agent advocates for the buyer's needs and works to negotiate the best possible terms and price for them. This fiduciary relationship is fundamental in real estate, as it fosters trust and ensures that the buyer's preferences and priorities are prioritized in all dealings. In contrast, the seller's agent and the listing broker represent the interests of the seller, while the property owner is primarily focused on their own interests in the sale.