A real estate broker is a licensed professional who represents buyers or sellers in real estate transactions. They are responsible for managing a real estate brokerage, which is a company that employs licensed real estate agents who work under the broker’s supervision.
Brokers have typically completed more education and training than real estate agents, and have passed a more comprehensive licensing exam. In addition to buying and selling properties, real estate brokers may also provide services such as property management, real estate appraisal, and real estate investment advice.
In general, a broker’s role is to facilitate the buying and selling of real estate properties on behalf of their clients, and to help them navigate the complex legal and financial aspects of real estate transactions. They may provide guidance on pricing, marketing, negotiations, and closing the deal. Brokers earn a fee on the sale of a property, which is a flat fee or a percentage of the final sale price.