Final answer:
A real estate broker can assist the principal in buying, selling, or leasing properties, offer consulting services on the principal's real estate portfolio, and represent the principal in future transactions after establishing an initial relationship.
Step-by-step explanation:
After establishing an initial relationship with a principal in the real estate context, a broker has several options to continue this professional association. One option is to assist the principal with the buying, selling, or leasing process of real estate properties. This involves the broker performing market analysis, advertising the property, negotiating terms and prices, and possibly managing the property post-transaction. Another option is for the broker to offer ongoing consulting services pertaining to the principal's real estate portfolio, including investment analysis and strategic planning for acquisitions or disposals. Additionally, the broker may also engage in representing the principal in future transactions.
Beyond these services, the broker also has a duty to maintain a fiduciary relationship with their client, which includes acting in the principal's best interest, disclosing all relevant information, and accounting for any financial transactions related to the task at hand.