What is the primary role of an agent in a transaction?

The primary role of an agent in a transaction is to represent the interests of the principal. This means that the agent acts on behalf of the principal, advocating for their needs and objectives throughout the transaction process. The fiduciary relationship between the agent and principal obligates the agent to prioritize the principal's interests above their own, ensuring that the principal's goals are met effectively.

In this role, the agent may engage in various tasks such as negotiating terms, communicating with other parties, and carrying out specific directives as outlined in their agreement with the principal. This representation is crucial for achieving favorable outcomes in transactions, as it empowers the principal to leverage the agent's expertise and resources.

The other roles mentioned, such as making independent decisions without input, acting as a mediator, or solely managing finances, do not encapsulate the comprehensive responsibilities of an agent. An agent must align their actions with the principal's objectives rather than operate independently. Additionally, while mediation and financial management can be part of broader responsibilities in certain contexts, they do not define the agent's primary role. Instead, the agent’s focus remains on representing the principal's interests effectively.