A real estate broker is an independent businessperson who sets office policies. They hire employees and salespeople, determine their compensation and supervises their activities. The broker is free to accept or reject agency relationships with principals.

Brokers represent their principals and accept the fiduciary responsibilities of exercising care, skill and integrity in carrying out their instructions. A brokers duties are generally confined to advertising property and finding a person ready, willing and able to deal on the terms stipulated by and acceptable to the principal. The broker must submit all offers.

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Posted in: Brokerage