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What is the main duty of a real estate broker?

  1. To appraise property values

  2. To facilitate transactions between buyers and sellers

  3. To manage rental properties

  4. To conduct home inspections

The correct answer is: To facilitate transactions between buyers and sellers

The primary duty of a real estate broker is to facilitate transactions between buyers and sellers. This role involves acting as an intermediary, guiding clients through the complex process of buying or selling real estate. Brokers are responsible for understanding market conditions, advising clients on pricing strategies, negotiating terms, and ensuring that all legal requirements are met during the transaction. They are skilled in communication and often help clients navigate the emotional aspects of these significant transactions. While appraising property values, managing rental properties, and conducting home inspections are important real estate functions, they fall outside the core responsibilities of a broker. Appraisal is typically done by licensed appraisers who specialize in assessing property values; property management involves overseeing rental operations, which is usually handled by property managers; and home inspections are conducted by certified inspectors who evaluate the condition of a property for potential buyers. Each of these roles is essential in the real estate process but does not encompass the main duty of facilitating transactions, which is the heart of a broker's work.