What is the main role of a real estate broker?

The main role of a real estate broker is to manage real estate agents and oversee transactions. Brokers are licensed professionals who have additional training and education beyond that of a real estate agent. They are responsible for ensuring that the transactions involving property sales, purchases, and leases comply with legal requirements and ethical standards. This includes supervising agents under their brokerage, providing training, and facilitating negotiations on behalf of clients.

Brokers also have the authority to represent clients in a broader capacity than agents, which involves overseeing the entire transaction process to ensure that everything proceeds smoothly and legally. This role is critical for both the agents who operate under them and the clients who rely on their expertise for significant financial decisions. In contrast, financial advice, home inspections, and the enforcement of local housing laws are specific tasks that may be part of a real estate transaction but do not capture the overarching responsibility of a broker in the real estate industry.