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

The primary role of a broker in a real estate transaction is to act as the intermediary between buyers and sellers. This function is crucial as brokers facilitate communication and negotiations between the parties involved, helping to ensure that the transaction moves forward smoothly. They provide valuable guidance throughout the process, from listing the property to closing the sale, and they work to satisfy both their clients' interests and legal obligations.

While a broker may represent either the buyer or seller, acting as the intermediary allows them to coordinate the transaction effectively, ensuring that both sides have the support they need. This role often involves presenting offers and counteroffers, advising on pricing and terms, and helping to resolve any disputes that may arise.

The other options do not capture the full scope of a broker's responsibilities. While negotiating a good price is important, a broker's role encompasses much more than that. They must also adhere to their fiduciary duties, which can include loyalty, full disclosure, and the utmost care to both parties, rather than representing both parties equally without bias. Moreover, ownership of the property is unrelated to a broker's primary duties, as their role is to facilitate transactions rather than to buy or sell properties on their own behalf.