Home Uncategorized How a Real Estate Agent Works

How a Real Estate Agent Works

If you’re buying or selling a home, it’s likely that you will wind up working with a real

estate agent (aka, a REALTOR(r)). While it is possible to buy or sell a home without

an agent, the process tends to go much more smoothly with one present. Real

estate agents do a ton of work, including educating clients about the process,

conducting research and handling various details of the transaction from start to

finish.

 

A typical real estate agent’s day starts with networking and meeting potential

clients. They may be asked to show homes to buyers or give out their business card,

and then follow up with emails, calls and texts to build their client base. Afternoons

are typically spent with existing clients, helping them navigate the home buying or

selling process.

 

For sellers, their duties include listing a home on the Multiple Listing Service

database, creating advertisements and holding open houses. They also help their

clients set a home price, assist with mortgages and negotiate terms on

contingencies. When it comes to buyers, they will scour listings, tour properties and

help them make an offer. Once an offer is accepted, they will help with the home

inspection and handle the closing process.

 

It’s not uncommon for an experienced real estate agent to have 7 to 10 active

clients at any given time. They need to be available to each client and provide them

with their undivided attention. It’s part of what makes a good real estate agent so

valuable!

Real estate agents also take on administrative tasks, such as preparing disclosures

and other documents. They also keep up with market trends and the latest

developments in real estate laws and regulations. Many agents attend seminars and

workshops to improve their skills, credentials and marketability. They are often

required to obtain continuing education credits, too, in order to maintain their

license.

 

Depending on the state where they work, real estate agents can be licensed as

salespeople or brokers. Brokers are responsible for the supervision of other real

estate agents. Brokers don’t supervise other agents out of the goodness of their

hearts, however; they do it for the money. Brokers typically get 3% of the final sale

price, which is split between the buyer’s and seller’s agent.Also read https://www.revivalhomebuyer.com/

 

Real estate agents continue to communicate throughout the closing process, and

they may suggest a final walk-through of a property prior to the closing date. This

allows the buyer to see if any damage has occurred since the initial contract was

drawn up and makes sure all of the paperwork is accurate before closing. Mistakes in

this area can delay closing or add costs for the buyers and/or sellers, so it’s an

important part of a real estate agent’s job!

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