Which term describes the broker employed to find a buyer for real estate on behalf of the owner?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that accurately describes the broker employed to find a buyer for real estate on behalf of the owner is the listing broker. This role involves representing the seller in the sale of their property and working to market it effectively to attract potential buyers. The listing broker is typically responsible for setting the price, negotiating offers, and facilitating the sale process, ensuring that the seller's interests are prioritized throughout the transaction.

This position is pivotal in real estate transactions, as the listing broker often creates listings, conducts showings, and utilizes marketing strategies to showcase the property. The expertise and networking capability of the listing broker are essential for achieving a successful sale.

In contrast, the other terms refer to different roles in real estate transactions: a cooperating broker represents the buyer, a transaction broker facilitates the transaction without representing either party formally, and a dual agent represents both the seller and the buyer, which can lead to potential conflicts of interest.

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