What is the primary responsibility of a real estate broker?

The primary responsibility of a real estate broker is to manage transactions and ensure compliance with real estate laws and regulations. This role involves overseeing the entire buying or selling process, facilitating communication between parties, and ensuring that all aspects of the transaction adhere to applicable laws and ethical guidelines. Brokers serve as intermediaries who help negotiate terms and conditions while protecting the interests of their clients.

In addition to managing transactions, brokers are also responsible for supervising agents, providing training, and maintaining the integrity of the real estate market. They must stay updated on local, state, and federal laws governing real estate practices, which is crucial for avoiding legal issues and ensuring smooth transactions.

The other options focus on narrower functions that do not capture the comprehensive role of a broker. Providing legal advice involves specialized legal knowledge, and while brokers may offer guidance on legal matters, they are not typically authorized to give legal advice unless they hold a law degree. Assessing property values for tax purposes is a function of appraisers and does not fall under a broker's primary responsibilities. Marketing the property is a significant aspect of the sales process, but it is just one part of the broader task of managing transactions and ensuring compliance with regulations.