The words barer, bearer sound the same but have different meanings and spellings. Why do barer, bearer sound the same even though they are completely different words?
The answer is simple: barer, bearer are homophones of the English language.
comparative form of bare: more bare
One that carries or supports, as:
One that holds a check or other redeemable note for payment.
Definitions from Wiktionary, Creative Commons Attribution/Share-Alike License, from The American Heritage® Dictionary of the English Language, 4th Edition and Wordnik.
Homophones (literally "same sound") are usually defined as words that share the same pronunciation, regardless of how they are spelled.