Buyer's Agent: Definition

Buyer's Agent

A licensed real estate agent who represents the buyer's interests in a real estate transaction, providing fiduciary duties of loyalty, disclosure, confidentiality, obedience, and accounting under Ohio agency law.

Key Points

• -Represents the buyer exclusively in finding and purchasing a home
• -Owes fiduciary duties: loyalty, disclosure, confidentiality, obedience, accounting
• -Helps with property search, offer preparation, negotiation, and closing
• -Must provide an Agency Disclosure form per Ohio law (ORC 4735.56)
• -Buyer's agent commission is typically negotiated as part of the transaction

Related Terms