What role does a "real estate agent" play in transactions?

A real estate agent plays a crucial role in transactions as they negotiate and facilitate property sales. They act as intermediaries between buyers and sellers, helping to ensure that the transaction process runs smoothly. This includes understanding the needs and wants of both parties, presenting offers and counteroffers, and assisting in the negotiation of the sale price and terms of the transaction. The agent's market knowledge allows them to provide valuable insights about property values, local market conditions, and comparable sales, which can influence negotiations positively.

Furthermore, real estate agents guide clients through the complexities of the buying or selling process, including managing paperwork and disclosures, which enhances the overall experience. While they do provide a level of guidance and advice, they are not legally qualified to offer specific legal counsel, conduct repairs, or engage directly in banking processes like advising on mortgage applications. Thus, their primary function is centered around facilitating the sales transaction itself.