What is the primary function of a real estate broker?

The primary function of a real estate broker is to facilitate transactions between buyers and sellers. This involves acting as an intermediary who helps negotiate the sale, purchase, lease, or rental of properties. Brokers are knowledgeable about the real estate market, including pricing, property conditions, and the legal requirements involved in transactions. They guide both buyers and sellers through the process, ensuring that all necessary documentation is completed and that both parties' interests are represented fairly.

While managing property is an important task often handled by property managers, it is not the primary role of a broker. Conducting home inspections is typically performed by licensed home inspectors rather than brokers, although brokers may recommend inspectors to their clients. Providing legal advice is outside the scope of a real estate broker’s responsibilities and is reserved for licensed attorneys. Therefore, the facilitation of real estate transactions is the core duty that defines the broker's role within the industry.