What Are The Duties of A Licensed Real Estate Broker? A real estate broker negotiates and arranges real estate transactions. This licensed individual has daily duties including writing contracts and overseeing transactions for sales and purchasing activities on homes, land, and commercial properties. A broker possesses a higher-level license than a real estate agent and has the power to hire real estate agents to work as a team under their supervision. In some states, every real estate professional gets a license as a broker. However, even if you have a license as an independent broker, you have to get another higher-level license in order to hire agents or other brokers to work under you. There is some risk involved if agents are not given training and not being supervised, particularly when it is about fair housing and environmental regulations. While an agent works on a broker's behalf he has to take on the following duties, the broker handles transactions for sellers as well. In some states, all licensed individuals are brokers, though only very few have licenses to supervise agents. Some of licensed real estate broker's responsibilities on behalf of sellers include: ● Make a list of homes for sale on the local. Sharing the listing commission with successful buyer brokers ● Advise the home seller to prepare their home for listing and showings ● supervise showing, report to sellers results and feedback ● Submit different offers to the seller for consideration Brokers also work with people who want to buy a property and provide them advice and services to help them find a property that fits their needs and complete the steps of the transaction, such as: ● Assisting buyers to locate all properties in their preferred area in their price range and meeting their criteria ● Coordinating and helping buyers to visit and view properties ● When a decision is taken to purchase, helping the buyer craft their initial offer and purchase agreement ● Working on the behalf of the buyer in negotiations with the seller through their agent/broker ● Once a purchase is executed, coordinate the transaction method on the buyer side This is how a real estate broker works