What does the term "broker" typically refer to in real estate?

In real estate, the term "broker" primarily refers to a licensed professional who facilitates and assists in transactions involving the buying, selling, or leasing of properties. Brokers are qualified by having passed specific examinations and obtained licenses that enable them to operate within the legal framework of real estate transactions. Their role is not only to connect buyers and sellers but also to offer expertise regarding market conditions, pricing, and negotiating terms of sale.

This distinction underscores the importance of a broker in guiding clients through the complexities of real estate deals, adhering to legal requirements, and ensuring that all transactions are handled professionally. A broker can also oversee real estate agents, providing further assistance and supervision in transactions.

In contrast, buying and selling real estate solely for one's own account, providing only legal advice, or being an investor do not encompass the comprehensive role of a broker within the real estate sector.