What is the primary purpose of a brokerage?

The primary purpose of a brokerage is to bring together interested parties for transactions. In the context of real estate, this typically involves connecting buyers and sellers or landlords and tenants to facilitate the sale or lease of property. A brokerage acts as an intermediary, leveraging its expertise and market knowledge to help clients navigate the complexities of real estate transactions, negotiate terms, and ensure that all parties meet legal requirements.

While managing properties, providing legal advice, and conducting appraisals are important functions that may occur within the real estate field, they are not the core purpose of a brokerage. Management services focus on the upkeep and administration of properties, legal advice is specific to guiding clients on legal matters and compliance, and appraisals involve assessing property values for various purposes. These activities can complement a brokerage's operations but do not define its primary role in the real estate market.