Which party is typically considered a consumer in real estate transactions?

In real estate transactions, the party typically considered a consumer is the buyer or tenant. This designation stems from their role in the transaction, as they are the individuals or entities seeking to acquire, lease, or occupy property for personal use or investment. Consumers in this context are primarily motivated by the need for shelter, a place for business, or an investment opportunity.

Buyers and tenants engage in the market to fulfill their housing or commercial needs, often relying on professionals, like real estate agents, for guidance and expertise. This relationship highlights their consumer status, as they are the end users of the property rather than stakeholders involved in facilitating or managing the transaction.

On the other hand, property owners may be categorized more as providers of goods (the properties) and are directly involved in negotiations but not regarded as consumers in the same way. Real estate agents are intermediaries who assist in the purchasing or leasing process rather than participating as consumers themselves. Investors typically act in a capacity similar to property owners, focusing on acquiring property to generate profits rather than meeting personal consumption needs.