What is the primary responsibility of a real estate broker in Virginia?

The primary responsibility of a real estate broker in Virginia is to facilitate transactions between buyers and sellers. This involves guiding clients through the entire process of buying or selling property, from listing the property and marketing it to potential buyers, to negotiating offers and ensuring that all necessary paperwork is completed accurately and on time. Brokers act as intermediaries, leveraging their knowledge and expertise in the market to help clients achieve their real estate goals while adhering to legal and ethical standards.

While providing legal advice, appraising properties, and managing property maintenance are important aspects of the real estate industry, they fall outside the primary duty of a broker. Brokers must be careful not to provide legal guidance unless they also have the appropriate legal qualifications. Appraising properties is typically handled by licensed appraisers, and property maintenance is more aligned with property management roles rather than those of a broker who focuses on the transactional aspect of real estate.