What are buyer representation duties?

• A. Responsibilities the seller expects from the agent
• B. Activities and responsibilities the buyer expects from the broker
• C. Legal obligations of the broker to the seller
• D. Guidelines for market analysis

Answer: (B)

Buyer representation duties refer to the activities and responsibilities that a broker or agent commits to when representing a buyer in a real estate transaction. These duties encompass a range of obligations, including providing the buyer with informed advice on market conditions, assisting in the negotiation process, and ensuring that the buyer's interests are prioritized throughout the buying process.

When a buyer engages a broker, they expect the agent to act in their best interests, which includes conducting thorough market research, presenting options that align with the buyer's needs, and disclosing any material facts regarding properties. The agent is also responsible for maintaining confidentiality and providing guidance on financing options and potential inspections. This creates a fiduciary relationship built on trust, where the buyer relies on the agent's expertise and knowledge of the real estate market to make informed decisions.

In contrast, the other options highlight expectations or responsibilities related to the seller or to general market practices, which do not pertain specifically to the duties owed to the buyer. By focusing on the buyer's expectations from the broker, the correct answer captures the essence of what buyer representation is all about.