New Brunswick Salesperson Practice Test 2025 – Complete Exam Prep

Seller agency refers to the specific fiduciary duty and relationship between a real estate agent and the seller of a property. When an agent is representing the seller's interests, they focus on maximizing the seller's benefits throughout the transaction, which can include getting the best price for the property, negotiating favorable terms, and effectively marketing the home to potential buyers.

In this capacity, the agent has a responsibility to advocate for the seller's position, provide expert advice, and safeguard the seller’s interests from the initial listing to the closing of the sale. This commitment goes beyond just providing general information or acting as a mediator; it involves active engagement in strategy, negotiation, and essentially being the seller’s representative in dealings with buyers and their agents.

The other options do not accurately describe seller agency, as they focus on different roles that do not align with the representation of the seller specifically. For example, representing buyer interests or merely providing information does not encompass the active role and responsibility of a seller's agent.