What are the primary responsibilities of a real estate broker?

A real estate broker primarily facilitates real estate transactions, which encompasses a variety of critical tasks necessary to bring buyers and sellers together. This responsibility includes guiding clients through the buying or selling process, which involves negotiating terms, ensuring compliance with legal requirements, and coordinating the transaction from initial contact to closing. The broker acts as the intermediary between parties, using their expertise to navigate the complexities of real estate laws and market dynamics.

While marketing and advertising properties, providing legal services, and developing investment strategies are important aspects of the real estate business, they are either auxiliary to or subsets of the broader responsibility of facilitating transactions. Marketing is a tactic employed by brokers to attract buyers or sellers, legal services typically require a licensed attorney, and investment strategy development may involve specialized knowledge not always central to a broker's day-to-day role. Therefore, facilitating transactions is the core function of a real estate broker, making it the primary responsibility in this context.