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

The primary role of a broker in real estate transactions is to facilitate a transaction for a commission. This involves acting as an intermediary between buyers and sellers, using their expertise to guide both parties through the complexities of property sales. Brokers are responsible for marketing properties, conducting showings, and managing offers, which ultimately leads to a successful transaction.

Furthermore, brokers handle negotiations not only regarding the selling price but also terms of the contract, ensuring that the interests of their clients are represented effectively. This role is vital as brokers bring valuable market knowledge, negotiation skills, and a network of contacts that can enhance the transaction process.

While property management, direct fee negotiations with sellers, and ensuring regulatory compliance are important aspects of the real estate profession, they fall outside the core responsibilities of a broker involved directly in the transaction process. A broker's main focus remains on closing deals and earning a commission from successful transactions, which makes facilitating transactions their fundamental role.