What roles do the agent and principal play during property negotiations?

In property negotiations, the agent serves as a representative and advocate for the principal, focusing on the principal’s interests throughout the negotiation process. This means the agent actively works to promote and protect the principal's goals, needs, and objectives in the negotiation, whether it involves buying, selling, or leasing property.

The principal retains the authority to make the final decisions regarding the negotiations, such as accepting an offer or countering a proposal. This delineation clearly establishes that while the agent conducts negotiations and offers advice based on expertise, it is ultimately the principal who has the final say.

While the other statements suggest varying degrees of involvement or authority that do not accurately represent the traditional roles of agents and principals, the stated dynamic of advocacy and decision-making aligns perfectly with established agency law principles. This understanding is critical for anyone involved in real estate transactions, as it delineates responsibilities and expectations for both parties involved.