Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

In the context of real estate, who is considered the consumer?

1. Seller

2. Broker

3. Buyer

4. Agent

The correct answer is: Buyer

In real estate, the term "consumer" typically refers to the party or parties involved in a transaction who are purchasing or acquiring a service or product, in this case, real estate. The buyer is the consumer because they are the individual or entity that seeks to purchase a property. Buyers engage real estate professionals to assist them in navigating the market, finding suitable properties, and completing transactions. While sellers, brokers, and agents play vital roles in the real estate process, they do not fall under the definition of "consumer." Sellers are the ones providing the property for sale, brokers serve as intermediaries facilitating transactions, and agents represent the interests of either buyers or sellers, depending on their role in the transaction. Therefore, in the context of real estate transactions, the primary consumer is the buyer, as they are the ones making decisions and spending money on the property.