What type of agency relationship is created when a real estate agent represents a buyer?

When a real estate agent represents a buyer, the agent acts as a buyer's agent. This relationship is specifically established to serve the interests of the buyer in a real estate transaction. The buyer's agent is responsible for finding properties that meet the buyer's needs, negotiating offers, and providing guidance throughout the purchasing process.

This agency relationship is built on loyalty and the obligation to act in the best interest of the buyer. The agent typically signs a buyer's agency agreement with the buyer, solidifying this relationship and detailing the duties and responsibilities involved.

In contrast, the other options indicate different forms of agency or roles that do not align with the buyer-specific representation provided by a buyer's agent. A seller’s agent represents the interests of the seller, a dual agent represents both parties with consent, and a transactional facilitator assists in the transaction without representing either party. Therefore, choosing the buyer's agent accurately reflects the nature of the agency relationship in which the agent is dedicated to representing the buyer's best interests.