What is the title of an individual authorized to act on behalf of another in real estate transactions?

An individual authorized to act on behalf of another in real estate transactions is referred to as an agent. In the context of real estate, an agent has the legal authority to represent another party, typically a buyer or seller, during the transaction process.

The agent's role includes a variety of responsibilities such as negotiating deals, providing information about properties, and guiding clients through the complexities of the buying or selling process. This fiduciary relationship requires the agent to act in the best interests of the principal, who is the person or entity that they are representing.

In real estate, agents are often licensed professionals who work under the supervision of a broker. Understanding the distinction between an agent and other roles, such as a broker or a principal, is essential. A broker is a licensed individual who can operate his or her own business and may employ agents. The principal is the party that the agent represents. A manager, while potentially involved in real estate, does not specifically denote someone authorized to represent another party in such transactions.