Real estate brokers are those who negotiate between the buyer and seller of real property, either finding a purchaser for one desirous to sell, or vice versa; they also manage estates, lease or let property, collect rents, and negotiate loans on bonds and mortgages.1 A real estate broker has also been defined as one who makes a bargain for another and receives a commission for so doing.2 The real estate broker is usually considered as an agent acting for one of the parties to a transaction, although in some cases he may have merely the character of a middleman in bringing the parties together. The person represented by the broker is the principal, he may be known as owner or purchaser, vendor or vendee, buyer or seller, lender or borrower, lessor or lessee.