What is a key task a licensee must perform for a buyer client?

A key task that a licensee must perform for a buyer client is to ensure the buyer understands the importance of due diligence, including a professional inspection of the property. This responsibility is a critical part of the agent's role, as it involves educating the client about the necessity of thoroughly investigating a property before making a significant financial commitment. The process of due diligence helps buyers identify any potential issues or defects with the property, such as structural problems or electrical concerns, which might not be visible during initial viewings. A professional inspection provides an objective review of the property, equipping the buyer with vital information to make an informed decision and avoid future disputes.

Other tasks related to property disclosures or suggesting earnest money amounts are also important but do not encompass the comprehensive responsibility of guiding the buyer through the due diligence process. Understanding the importance of an inspection aligns directly with the agent's fiduciary duty to act in the best interest of their client, making it a fundamental component of a licensee's obligations in assisting buyers.