What defines the buyer's agency in real estate?

In real estate, buyer's agency is defined as a relationship where a broker represents only the buyer's interests in a transaction. This means that the broker's primary responsibility is to advocate for the buyer throughout the buying process, ensuring that their needs and preferences are prioritized. This relationship is formalized through a buyer agency agreement, which establishes the broker as the buyer's representative.

By focusing solely on the buyer, the broker is able to negotiate more effectively on their behalf, provide exclusive guidance, and offer valuable insights into the market that cater specifically to the buyer's objectives. This arrangement helps ensure that the buyer can make informed decisions without conflicting interests from the seller's side influencing their choices. In essence, buyer's agency empowers the buyer with dedicated representation, which is crucial during the often complex and nuanced process of purchasing real estate.