You need a broker because stock exchanges require that those who execute trades on the exchange have a license. Another reason is that a broker guarantees a smooth trading experience between an investor and an exchange and, as is the case with discount brokers, does not usually charge a commission for normal operations. A broker is a person who facilitates transactions between merchants, sellers, or buyers. Think of a broker as an intermediary who ensures that transactions go smoothly and that each party has the necessary information.
Brokers exist in many industries, including insurance, real estate, finance, and trading. When dealing with a real estate broker, clients are assured that they are selling or buying at a price that is considered fair by local market standards. Brokers have access to a wealth of knowledge about the real estate market; their resources go far beyond what a client can accumulate by doing their own research. This is in addition to the considerable experience that real estate professionals bring to professional exchange. That said, buyers or sellers ensure the best possible outcome when dealing with a real estate broker.
Becoming a broker can be one of the best decisions you'll ever make in your real estate career. It allows you to earn more and do more. However, being a runner isn't for everyone. Weigh the pros and cons and decide if getting your broker's license is the right decision for your career in real estate.
