What is the primary purpose of a real estate brokerage?

The primary purpose of a real estate brokerage is to facilitate transactions between buyers and sellers in real estate. This role encompasses various activities, including listing properties for sale, marketing those properties, negotiating offers, and guiding clients through the complexities of real estate transactions. By acting as intermediaries, brokerages help ensure that both parties achieve their objectives—buyers find suitable properties, and sellers receive fair market value for their homes.

While managing rental properties is important and can be part of a brokerage's services, it does not encompass the core function of facilitating transactions. Mortgage financing is a separate service typically provided by lenders or financial institutions, and property appraisals are done by appraisers who assess property value, which is also outside the primary role of a brokerage. Thus, while other services may complement the activities of a brokerage, they do not define its primary purpose.