Is Elrond a king?

Could you please elaborate on the following paragraph and phrase it in a questioning manner, while adhering to a word count of no more than 300 words? The paragraph goes as follows: "Is Elrond a king?" Could you kindly clarify for me, esteemed colleague, a point that has piqued my curiosity? In the context of the narrative, does Elrond hold the esteemed title of a king? I'm particularly interested in understanding his role and status within the realm he inhabits. Is he recognized as a ruler, governing over a kingdom or a people? Or perhaps, his position is of a different nature, one that doesn't quite fit the traditional mold of a king? Your insights on this matter would be greatly appreciated, as I strive to gain a deeper understanding of this fascinating character and his place within the larger narrative.