California Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

In the context of real estate, the term typically used to describe the buyer is "Client." In most real estate transactions, the buyer engages the services of a real estate agent, thereby establishing a client-agent relationship. This relationship implies that the agent has a fiduciary duty to act in the best interests of the client, providing them with loyalty, confidentiality, and full disclosure, which are key aspects of a fiduciary responsibility.

Referring to the buyer as a "Customer" may indicate a more transactional relationship where minimal services are provided, and the agent does not owe the same duties of care and loyalty. The term "Attorney-in-fact" refers to an individual authorized to act on behalf of another, typically in legal or financial matters, which doesn’t accurately describe the relationship involved in a real estate transaction. Similarly, while the term "Fiduciary" describes a duty rather than the party involved, the buyer is not referred to as a fiduciary in the context of a real estate transaction.

Overall, it's essential to understand that the buyer is usually viewed as the client in these scenarios as they are entrusting their agent with their needs and expectations during the buying process.