What role does an agent play in real estate transactions?

In real estate transactions, the agent plays a crucial role by representing either the buyer or the seller, while facilitating negotiations between the parties involved. This role is essential because the agent acts as an intermediary who possesses knowledge of the market, the needs of their clients, and the intricacies of the buying and selling process. By doing so, the agent is able to advocate effectively for their client's interests, whether that be obtaining the best price for a seller or securing the most favorable terms for a buyer.

The ability to negotiate effectively is a key component of the agent's responsibilities, which includes not only discussing price but also managing any contingencies and terms involved in the transaction. This level of representation helps ensure that both parties are satisfied and that the transaction can proceed smoothly.

In contrast, the other choices do not accurately reflect the comprehensive role of an agent in real estate. An agent does not solely act for the seller's interests, nor do they manage properties after a sale is complete, as that typically falls under property management. Additionally, determining property values requires a collaborative approach that considers various market data and insights, rather than an isolated decision by the agent. Thus, the agent's role is multifaceted and centered around active participation in negotiations on behalf of their