What is the primary function of a real estate brokerage?

The primary function of a real estate brokerage is to facilitate transactions between buyers and sellers. This involves guiding clients through the process of buying or selling a property, which includes marketing the property, negotiating offers, and managing the paperwork that accompanies real estate transactions. Brokerages serve as intermediaries, ensuring that both parties are informed and satisfied throughout the transaction. They leverage their expertise in the market, provide access to listings, and utilize their networks to connect buyers and sellers effectively.

The other options reflect functions that brokerages may engage in but do not encapsulate their primary role. For instance, managing properties and providing financial services are functions often performed by property management firms and mortgage brokers respectively, while handling legal matters is typically outside the primary scope of a brokerage's services. Instead, brokerages focus mainly on the facilitation of transactions, which is their core business model.