Maine Real Estate License Practice Exam

Which is a primary duty of a buyer's agent towards a seller?

1. To negotiate lower prices

2. To provide honest communication

3. To assist in advertising the property

4. To manage seller's transactions

The correct answer is: To provide honest communication

A primary duty of a buyer's agent towards a seller is to provide honest communication. This responsibility stems from the ethical obligation to maintain integrity and transparency in all real estate dealings, even when representing the interests of a buyer. Honest communication is vital to facilitate trust and ensure that all parties are aware of relevant information during the transaction process. Providing honest communication helps maintain a professional rapport, which is crucial for smooth negotiations and can often lead to a better understanding of each party's needs. It also allows for the establishment of realistic expectations regarding the sale and any potential issues that may arise during the process. The other responsibilities mentioned, such as negotiating lower prices, assisting in advertising the property, and managing seller's transactions, are typically associated with the duties of the seller's agent rather than the buyer's agent. Each agent has specific roles that are defined by whom they represent in a transaction, and thus their duties are aligned accordingly. Through honest communication, a buyer's agent can ensure that discussions with the seller are conducted transparently while respecting their client’s interests.