New York Real Estate Salesperson Exam 2025 - Complete Practice Guide

The function of a real estate broker is fundamentally to represent buyers and sellers in real estate transactions. This role encompasses various responsibilities, including advising clients, negotiating deals, and facilitating the buying or selling process. A broker acts as an intermediary, ensuring that both the interests of the buyer and seller are addressed during the transaction.

In performing this role, brokers apply their expertise in market analysis, property valuation, contract negotiations, and local real estate laws. Their knowledge and experience help clients make informed decisions, ensuring that transactions proceed smoothly and efficiently. This representation can involve residential, commercial, or industrial properties, which demonstrates the breadth of a broker's capabilities beyond specializing in just one type of transaction.

The other options suggest a more limited scope of function. For instance, assisting clients only in residential transactions narrows a broker’s role unnecessarily, as many brokers engage with both residential and commercial properties. Providing property management services is a specific function that some brokers may offer, but it does not capture the essence of the role in facilitating transactions. Similarly, while conducting appraisals can be part of a broker's functions, it is specialized and typically falls under the responsibilities of a licensed appraiser rather than defining the core duties of a broker.