A professional who helps their clients to buy, sell or rent a specific property is known as a real estate agent. They specialize in traveling vast amounts of information to clients regarding real estate, property pricing, the market, and specific features of a given neighborhood. In a within-the-structure way, aspects of real estate and management focus realtors in ensuring the clients obtain the information needed to make appropriate choices, with the hope of getting informed best options. This article provides information on the role, skills as well as qualifications of a good real estate agent.
Real estate Agent Job Description
Real estate agents perform searches so that potential clients can purchase or lease homes or buildings. Clients seek assistance with a housing lease or sale, inquiry on promotional advertisements, property listing and showing, negotiating the deal, and guaranteeing the completion of the transaction’s documents. They get involved with customers to know what is important to their clients and what they can afford before going out to buy desired buildings. Real estate agents should know relevant market conditions and influencer of the real estate activity and follow regulatory policies of the locality.
In the majority of cases, agents are represented at a brokerage firm, which is a business entity that is allowed to handle real estate transactions, but some may become independent agents as they gain experience and more credentials. This requires a rather unique combination of all market knowledge, strong communication skills and most importantly, a focused approach to a client’s perspective.
Resume Description for This Job
In a real estate agent resume, customer service skill, market analysis, and sales negotiation tasks are very important to present. Here’s an example of a resume description for a real estate agent job as fine as it ever can be written:
“I am a professional and dedicated real estate agent whose business focus is on closing transactions with clients who are satisfied. I have experience in property listings. I am trained in market analysis and sales negotiations. My clients focus me on ensuring that all active stakeholders in the buying/selling process have an enjoyable experience. I am conversant to local market trends and property valuation & legal concepts while providing services geared toward meeting the real estate needs of my clients.”
Feel free to adjust details to better match your experience!
Salary (Based Range in the USA)
In the US real estate agent salaries will never be the same because of location, experience and commission. Everyone earns a commission in their respective domains and that is a percentage based upon the sales of property. Below is a summary of revenues earned on average:
- Average Annual Salary: $45,000 – $95,000, depending on location and experience
- Top Earners: In high value markets, agents with vast experience may earn annual salaries above $100,000
- Commission Rates: 5% to 6% of the sales price of a property, and like any other revelational artist, you have both the buying and the selling agents
Income for realtors is often sky high in some months and rock bottom in other months owing to the concept of commissions being the main source of income.
Earnings are also affected by a number of factors that include market conditions and transaction volumes.
Duties and Responsibilities
Real estate agents have many duties which allow an effective transaction of property between the buyer and the seller. Such include: Listing Properties – Putting together property listing that is interesting and informative with some …
- Researching the Market: Observing trends in the market, prices of various properties, economic patterns in particular areas to be able to present clients with the latest information.
- Conducting Showings: Arranging and coordinating open for inspections, responding to questions asked during the inspections, and conducting client education of the property and local area.
- Negotiate Purchases: Engaging clients in the normal course of operation to allow them to get the most favorable terms and conditions for the buying, selling, or leasing of properties.
- Identifying Paperwork: Scheduling various appointments that are essential for the clients to honor real estate contracts, disclosures and closing documents.
- Client Support: Providing professional information, strategies, and mental support, which makes buying or selling easy.
- Client Maintenance: Creating and executing systems to always contact and grow existing clients with the existing potentials for referrals and repeat business.
- Working with Real Estate: Interfacing with mortgage brokers, inspectors, and attorneys so as to complete the transactions.
- Advertising Houses: Putting online adverts, making face book promotions and any other marketing channels to reach customers who are dumping.
Qualifications
Though formal education is not always necessary for people who wish to be real estate agents, it is illegal to practice such without obtaining a license. These are some of the most common specifications:
- Education: Most of the real estate agents only have a high school diploma but it is not uncommon to find an agent with an associate or bachelor degree in real estate, business or finance.
- Licensing: After finishing a pre-licensing program, they must take a state licensing exam to qualify for real estate work. Each state’s requirements for licensure are different.
- Experience: It is not uncommon that inexperienced individuals fill such positions but individuals with sales or customer service experience or knowledge of the area can be of value.
- Skills:
- Communication: In order to deal with clients, negotiate and engage in marketing there is need for good verbal and written communication.
- Market Knowledge: Good knowledge on the intricacies of the local real estate market, existing properties and the values of properties.
- Negotiation: Contract negotiating skills and ability to get the best terms for the client.
- Customer Service: High standards of customer service come in handy where building client trust and loyalty is concerned.
- Organization and Time Management: Meeting clients, listing a lot of properties, and a lot of administrative duties, how do I make sure I finish them effectively and on time.
Frequently asked questions
Q1 – What is the difference between a real estate agent and a realtor?
Real estate agents have been licensed by the state to help clients in buying, selling or renting property. On the other hand, a realtor is also a licensed agent but he is a member of the National Association of Realtors (NAR) and subscribes to a code of ethics.
Q2 – What is the duration for a person to take real estate several courses?
Depending on the state requirements, the duration varies: most people are able to obtain a license within a period of three to six months after satisfying all requirements inclusive of attending the pre-licensing course as well as state exam.
Q3 – Is a career in real estate a good option?
Real estate can be an ideal career for people who have exceptional interpersonal skills along with self-drive. Such individuals can earn considerable revenues but they must be ready to earn commission basis on their income which can be quite a variable.
Q4 – Do real estate agents have to work on weekends?
Yes, to better suit their clients, workers will typically work evenings and weekends and this will allow them to attend showings, open houses or meetings.
Q5: Do real estate agents need to be tech-savvy?
Yes. It is evident that in real estate technology is very pivotal. Agents are always on the net, social networks, online sources for property search and client contacts and communication management among others.
Conclusion
According to the agency Global Work and Travel a real estate agent enables clients who are looking for a house or an apartment to find the most favorable option. Strong communication skills, good understanding of the market and of the needs of the customers as well as abilities to adjust quickly to changes – all of these features are vital for the specialists in the field. After investing efforts in the job, real estate agents will not only find their performance rewarding but also find a good job. This type of job is best for those who like sales, meeting clients and working under pressure and time constraints.