What is generally the primary role of a licensed broker in real estate?

The primary role of a licensed broker in real estate is to oversee real estate transactions and agents. Brokers are responsible for ensuring that their agents comply with local laws, regulations, and ethical standards while conducting real estate transactions. They provide guidance, training, and support to agents, helping them navigate the complexities of the real estate market. Additionally, brokers play a critical role in supervising the transactions handled by their agents, ensuring that contracts are prepared correctly, disclosures are made, and all necessary documentation is completed.

While other roles, such as providing financing, appraising properties, and managing rental properties, can also be part of real estate activities, these are typically not the primary responsibilities of a broker. Financing is usually handled by lenders, appraisals are conducted by certified appraisers, and property management is often a distinct role within the real estate field. Hence, oversight of transactions and agents remains central to a broker's function in the real estate industry.