How Real Estate Brokers Work

Real Estate Brokers are independent businesspeople who arrange the sale of real estate owned by others. Some brokers also rent or manage properties on a fee basis.

Brokers usually arrange for title searches when organizing real estate transactions. They also advertise properties for sale, arrange meetings between buyers and sellers so that the details of transactions to be agreed upon pripor to the new owners taking possession of the property.

In some cases a broker may help to arrange suitable financing for the prospective buyer.
Negotiating favorable financing with a lender can often make the difference between success or failure in closing a real estate sale.

Closing a sale could be the primary responsibility of a broker, real estate agent, solicitor or even the lenders.

Some real estate brokers even combine other types of work, such as selling insurance or practicing law, with their real estate business.