While important, the standing of a power broker can wane over time. This is especially true during periods of transition; for instance, with the election of a new political party to power, the old power brokers may see their status and influence quickly deteriorate.
In Congress, power brokers tend to be those in high-ranking positions like Speaker of the House or Minority Whip. Heads of key committees are also influential. In times of divided politics, such as today, those who sit in the center and are able to provide critical votes to break a tie are especially influential.
In the real estate market, this can usually refer to one of two things. First, in keeping with the above definition, a power broker in real estate is one who is able to influence deals to get done. They can apply pressure to developers, buyers, or sellers to close a deal. It can also simply refer to a real estate agent who has a lot of business and a big rolodex, which creates greater influence.
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