What is the role of a real estate broker in a transaction?

The role of a real estate broker in a transaction primarily involves supervising agents and facilitating transactions. Brokers serve as intermediaries between buyers and sellers, ensuring that all parties involved in a real estate transaction receive proper representation and guidance. They have the training and legal authority to manage real estate transactions, including negotiating terms and ensuring compliance with local, state, and federal laws.

Brokers are knowledgeable about market trends, pricing strategies, and legal documents needed for transactions. This role is crucial, as brokers help coordinate the efforts of real estate agents and ensure that the entire process runs smoothly from start to finish.

While managing property leasing, conducting property appraisals, or operating a real estate office may also be part of a broker's responsibilities, those functions do not encompass the primary role in a transaction itself. The central focus of a broker's role lies in overseeing the transactional process and guiding agents in representing clients effectively.