What is the primary role of a broker in an agency relationship?

The primary role of a broker in an agency relationship is to represent either the buyer or the seller in a transaction. This representation involves acting on behalf of the client to help them navigate the complexities involved in buying or selling property. The broker must have a thorough understanding of the market and relevant laws to effectively advocate for their client's interests, whether negotiating a sale price, marketing property, or facilitating communication between parties.

While brokers may advise clients on various aspects of real estate transactions, their fundamental responsibility is to represent the client's best interests. This representation establishes a fiduciary relationship, meaning the broker is obligated to act with loyalty and fully disclose relevant information to the client. In doing so, the broker serves as a key intermediary in the transaction, ensuring that the client's needs and objectives are met throughout the process.

In contrast, roles such as providing legal counsel or acting solely as independent advisors fall outside the core responsibilities of a broker. While brokers may assist with negotiations, which involves aspects of terms of contracts, their primary duty remains focused on the representation of the client in the transaction.