What is the term for a real estate agent who is legally permitted to represent a client in a transaction?

The term that accurately describes a real estate agent who is legally permitted to represent a client in a transaction is "licensee." A licensee is a person who has obtained a real estate license through the appropriate state regulations, allowing them to perform activities related to real estate transactions, such as buying, selling, renting, or managing property on behalf of clients.

Obtaining a license signifies that the individual has met specific educational and ethical standards required by the state and has passed the necessary exams. This legal permission implies that they can act on behalf of clients and facilitate transactions following state laws and regulations.

While the terms "broker" and "agent" are also relevant in real estate, they have distinct meanings. A broker typically refers to a licensed professional who can operate their own real estate firm and may supervise agents. An agent often refers to someone who works under a broker and represents clients but may not have the full legal authority that a broker has. The term "representative" is more informal and does not specifically denote the legal standing or licensing required to conduct real estate transactions. Therefore, "licensee" is the most accurate term in this context.