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

Who is referred to as the seller of goods in real estate transactions?

1. Buyer

2. Tenant

3. Agent

4. Seller of real property

The correct answer is: Seller of real property

In real estate transactions, the term that specifically identifies the entity responsible for offering goods or property for sale is the seller of real property. This is because the seller is the individual or entity that owns the real estate and has the legal right to sell it, making them central to the transaction. Understanding the role of the seller in the context of real estate involves recognizing their responsibilities and rights, such as the obligation to disclose pertinent information about the property and the authority to negotiate terms of sale. The seller directly influences the transaction process, including pricing and conditions, and stands in opposition to the buyer, who seeks to acquire the property. The other roles mentioned—such as the buyer, tenant, or agent—do not represent the primary party responsible for selling the property. The buyer is the one purchasing the property, a tenant typically does not have ownership rights and is renting, and the agent acts as a facilitator or intermediary in the transaction, representing either the buyer or seller rather than being the seller themselves. Hence, the correct designation for the party selling goods in a real estate context is the seller of real property.