A real estate agent is a person who works in the sale and purchase of property. They
are licensed by state boards to represent home buyers and sellers on both sides of a
transaction. Depending on who they work for and the type of property, their role can
vary greatly. They often work for a broker who is licensed at a higher level than they
are.
Real estate agents are often required to be members of a professional organization
that sets standards and codes of conduct for the industry. In addition, they must
pass prelicensing courses and the state’s licensing exam. They must also be familiar
with the real estate laws of the area in which they work and have a thorough
understanding of how real estate transactions are executed.
The main part of a real estate agent’s job is to market properties. They use social
media, websites and print materials to share new listings. They may also host open
houses to get the word out about a particular property. If they are working for a
seller, they advise them on how to best prepare their property for sale and help
them set an asking price. They also manage many of the legal aspects that come up
during a sale, like home inspections and transfer of ownership documents.
Agents who are working for a buyer will spend a great deal of their time searching
online and in person to find homes that match their client’s preferences. They also
keep up with the local housing market, including the average home prices in an area
and what is available in their price range. They are able to make recommendations
based on past sales in the neighborhood. They also have access to the Multiple
Listing Service, or MLS, which gives them firsthand knowledge of properties that are
currently on the market and their selling history.
Once they have found a property that their client is interested in, the agent will
negotiate on their behalf. This can include the negotiation of the home’s price as
well as any smaller costs, like closing fees or a home warranty. They will also be able
to offer advice about the neighborhood, schools and other factors that influence the
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When a contract is finalized, the agent will manage escrow and ensure that all of the
necessary paperwork is submitted correctly. They will also conduct a walk-through of
the property before closing to make sure that there are no problems.
Real estate transactions can be complicated and time consuming. Hiring an
experienced agent can save both buyers and sellers a lot of stress and hassle. If
you’re looking for an agent to represent you, be sure to ask about their experience
and credentials. Also, remember that a good agent should always put the client’s
needs first. If they do not, it’s likely time to look for a new broker or agent.
