What Does a Real Estate Agent Do?

0
98

If you want to buy or sell a home or property, chances are you’ll work with a real

estate agent. These licensed professionals get compensated for their expertise in

the real estate industry. They’re the ones who are familiar with local property

values, schools and neighborhoods, and can help you find the right properties for

your needs. They can help with both residential and commercial properties.

Generally, real estate agents can be found working for brokerage firms, where

they’re employed as independent contractors and are paid on commission only.

Some agents may also have to pay additional fees such as desk, transaction or

franchise fees to their brokerage firms.

Most real estate agents spend their time cultivating new leads and meeting and

following up with prospective clients. They often use networking events and real

estate websites to connect with potential clients. They are required to do a lot of

research and analysis in order to understand the current market trends and property

value fluctuations. They also need to keep up with the latest laws and regulations in

their area of specialty.

 

If they’re representing a seller, their job is to help the client prepare the property for

listing, determine a fair asking price and market the property to attract buyers. This

includes analyzing comparable homes in the neighborhood to come up with an

asking price, and then listing the home on the MLS and other databases to get the

word out. They’ll also post for sale signs and attend open houses to attract

prospective buyers. Also read https://www.modernpropertysolutions.com/we-buy-houses-in-hampton-connecticut/

 

When a buyer’s offer is submitted, a real estate agent will negotiate on behalf of

their client with the seller or seller’s agent. They’ll review the offer, advise their

client on whether or not it’s a good deal and then work to get the seller to accept the

terms of the contract. They’ll also assist with negotiating the closing date and other

contract details, such as specifying who will be responsible for any repairs.

In addition, a real estate agent will also act as a liaison between their client and

other parties involved in the process, such as mortgage lenders, title or escrow

agents, and lawyers. They’ll coordinate schedules and attend meetings and

inspections as needed, to ensure all parties involved are on the same page and

moving forward with the transaction.

 

One of the most important things a real estate agent does is to perform a final

walkthrough with their client before closing, so they can see that the property hasn’t

been damaged or renovated without their knowledge. They’ll also check all of the

paperwork to make sure it’s accurate and complete before submitting it for

signature.

It’s important to find an agent who is trustworthy and dependable. Ask for referrals

or testimonials from previous clients. Also, be sure to read up on real estate

licensing requirements in your state before starting your career. If you’re not

licensed, it will be much more difficult to navigate the buying or selling process.