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 in real estate transactions, ensuring that both parties can effectively negotiate and complete the sale of a property. Brokers have a deep understanding of the market, the legal implications of transactions, and the needs of their clients, making them essential in achieving successful sale agreements.

While managing properties for landlords is a function that some brokers may offer, it is not the central role of a broker in relation to buying and selling real estate. Providing legal advice on contracts is also typically outside the scope of a broker's duties, as brokers are not licensed attorneys. Conducting property appraisals, although important, does not fall within the primary responsibilities of a broker. Instead, appraisals are usually performed by licensed appraisers who specialize in this aspect of the real estate industry. Therefore, facilitating transactions remains the core and defining function of a real estate broker.