Which of the following roles is primarily responsible for managing a real estate team?

The broker is primarily responsible for managing a real estate team because this role encompasses the leadership and oversight of the team members, ensuring compliance with real estate laws and regulations while also driving the team's performance. Brokers typically have more extensive training and credentials compared to other roles and are accountable for the actions of their team. They provide guidance, support, and training to sales associates, coordinating efforts to meet business goals and enhance client relationships.

In contrast, the other roles listed have more specialized functions within the real estate process. Sales associates focus on engaging clients and closing deals but do not typically manage a team. Property managers concentrate on overseeing the operation and maintenance of rental properties, ensuring tenant satisfaction, but do not lead a team of agents. Transaction coordinators assist in managing the administrative aspects of real estate transactions, such as contracts and timelines, rather than taking on a leadership role. Each of these roles contributes to the success of a real estate operation but lacks the managerial responsibilities associated with being a broker.