Which of the following best describes a "real estate agent"?

Prepare for the Humber College Real Estate Course 1 Exam. Study with flashcards and multiple choice questions, each with hints and explanations. Enhance your exam readiness!

A real estate agent is defined as an individual who is licensed to represent buyers and sellers in the sale and purchase of real estate. Their primary role involves facilitating transactions and serving as intermediaries between parties involved in a real estate deal. This includes tasks such as helping clients understand market conditions, negotiating terms, and managing paperwork necessary for closing the transaction.

Additionally, real estate agents are required to adhere to specific regulations and ethical standards set forth by governing bodies in their jurisdiction. This professional licensing and adherence to industry standards distinguish them from other roles related to real estate, such as property owners, financial lenders, and investment managers, who do not provide the same comprehensive services related to the buying and selling processes.

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