In our modern society, it seems that you can have either money or time, but only rarely both simultaneously. Those who have plenty of time on their hands to search real estate listings or show houses don't work enough to buy one while other people who are working enough to afford a house can't spare the time to dig through the listings and find the right one. It's these people who are in need of real estate brokers. Toronto's real estate brokers run real estate companies that can help you find or sell any house.
When you go looking for a real estate broker's help, however, you'll end up with a real estate agent at your side. Why? Because real estate brokers are managers. They run the real estate companies at which the agents, whose training is in helping people find and sell houses, work. Agents work hands-on with the firms clients while brokers look after the legal and managerial aspects of running a real estate business. So don't be disappointed when the broker won't take on your case directly. By directing you to his or her subordinates, he or she is actually putting you in the most capable hands.
Your real estate agent will take over the day to day slog of your real estate transaction. For sellers, that means promoting and showing the property, for buyers that means searching out properties and arranging for viewings. Both buying and selling agents negotiate on their client's behalf and they are both paid through the commission that comes out of the seller's profits on their home. So how does the broker get paid? The broker gets a cut of your agent's commission as payment for giving them a place to work and the legal protection and licensing that comes from working for a broker.
To find the right real estate company, look in the yellow pages for the ones in your area and visit their offices. Your choice should be the company that made you feel most comfortable, offered you a fair contract, demonstrated capability, and seemed like they had time to take you on alongside their other clients.