How does technology influence the responsibilities of a broker of record?

Technology significantly influences the responsibilities of a broker of record by allowing them to fulfill their duties remotely. With advancements in communication tools, cloud-based software, and digital transaction platforms, brokers can manage operations, oversee agents, and engage with clients from virtually anywhere. This flexibility helps streamline various processes, such as document management, client interactions, and compliance checks, making it easier for brokers to maintain oversight without being physically present in an office setting.

This flexibility does not mean that brokers can neglect their responsibilities; instead, it enhances their ability to respond to market changes and client needs promptly. The integration of technology can lead to improved efficiency and productivity, enabling brokers to devote more time to strategic decision-making and client satisfaction, ultimately elevating the level of service provided in the real estate sector.