Kovats Real Estate School Practice Test 2026 - Free Real Estate Practice Questions and Study Guide

A real estate broker is a licensed professional who plays a key role in the real estate market by owning or managing a real estate firm, overseeing real estate agents, and ensuring compliance with laws and regulations. Brokers have advanced education and training compared to real estate agents and they can operate independently, which allows them to represent clients in transactions such as buying, selling, or leasing properties.

This role includes the responsibility to guide agents under their supervision, manage transactions, handle negotiations, and ensure that all necessary documentation is completed accurately. In contrast, other choices present individuals in different roles. For example, a person who simply facilitates communication does not have the necessary licensing or responsibilities that a broker does, and a title insurance agent focuses on property valuation rather than the broader spectrum of real estate transactions. Similarly, while an investor buys and sells properties for profit, they do not fulfill the role of a broker, as they lack the required licensure and regulatory oversight that brokers possess. Understanding the comprehensive duties of a real estate broker illustrates why this choice stands out as the correct definition.