What is a broker's primary role in a real estate transaction?

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Study for the University of Central Florida REE3433 Real Estate Law Exam. Engage with flashcards and multiple choice questions, with hints and explanations for each question. Prepare effectively for your test!

The primary role of a broker in a real estate transaction is to act on behalf of the principal or client. This involves representing the client's interests throughout the buying, selling, or leasing process, facilitating negotiations, and ensuring that the transaction adheres to legal and ethical standards.

Brokers have a fiduciary duty to their clients, which means they must prioritize their clients' best interests, provide them with professional advice, and maintain confidentiality. This role requires a thorough understanding of real estate laws, market conditions, and the ability to navigate complex transactions.

While a broker may assist in gathering legal information or listing properties on the market, these tasks serve as functions that support the broader responsibility of representing clients effectively. The broker’s primary mission remains centered on acting in the best interests of the client, ensuring that their needs are met throughout the entire transaction process.