They assist buyers by helping them purchase property for the lowest possible price under the best terms when acting as a buyer’s agent with a signed agreement. Moreover in many cases unless the agreement is in writing although a broker may not be legally entitled to his commission. The brokers may assist buyers in the acquisition of property without a signed agreement. However they still represent the seller and the seller’s interests.

Under certain jurisdictions it is required for a person to have a license in order to receive remuneration for services that is rendered as a real estate broker. Any activity which is illegal is an unlicensed activity. However it is not required to be licensed in the sale or purchase of real estate for the buyers and sellers acting as principal. In some of the states it is required for the lawyers to allow handling real estate sales for compensation even without being licensed as brokers or agents.