In a buyer representation agreement, what is the primary duty of the buyer's agent?
Correct Answer
D) To act in the best interests of the buyer
Under a buyer representation agreement, the agent owes fiduciary duties to the buyer client, including loyalty, confidentiality, and acting in their best interests. This creates a legal obligation to prioritize the buyer's needs above all other considerations.
Why This Is the Correct Answer
Option D is correct because under Canadian real estate legislation (TRESA, RESA, etc.), a buyer representation agreement creates a fiduciary relationship where the agent legally owes the buyer client duties of loyalty, confidentiality, and acting in their best interests. This is the primary and overarching duty that governs all other aspects of the relationship. Provincial regulations explicitly require agents to prioritize their client's interests above their own or third parties, making this the fundamental obligation of buyer representation.
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