Who is defined as a person who is attempting to sell or exchange real estate?

Prepare for the Wyoming Real Estate Broker Test with quizzes, flashcards, and multiple-choice questions. Hints and explanations included for each question. Ace your exam!

In the context of real estate transactions, a person who is actively seeking to sell or exchange real estate is typically referred to as a seller. This definition aligns with the role of someone who holds the property title and is looking to transfer ownership to another party through sale or exchange. The seller is the individual or entity that offers the property for sale or barter, making them the focal point in these types of real estate dealings.

In real estate terminology, an agent acts as a representative for the seller or buyer but is not the one who is selling or exchanging the property themselves. A client is generally someone who engages a professional agent's services but may not necessarily be directly involved in the marketing of their property. A landlord specifically refers to an individual who rents or leases property to tenants, which doesn't encompass the broader selling or exchanging of real estate. Therefore, the designation of a person attempting to sell or exchange real estate correctly identifies a seller as the most accurate term.

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