What is a Real Estate Agent?

Also known as: Seller's Agent, Buyer's Agent, Estate Agent, Real Estate Sales Agent, Realtor.

A real estate agent is someone who helps people to either buy or sell a home or a piece of property. This may range from humble plots of land and small starter homes to exotic islands and luxury mansions. One can work either as a listing agent, to help a client sell a home, or as a buyer's agent, to help the client buy a home. Real estate agents are employed worldwide as the need for buying and selling homes and property has always existed and will continue to do so. It is a good business if you are honest and loyal to your client.

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What does a Real Estate Agent do?

Real estate agents are knowledgeable about their local laws on the buying and selling of property. The geographical area that an agent works in is their area of expertise. They know trends within the local property market as well as what competitive prices are for the various properties their clients want to buy or sell.

A real estate agent acts as the middleman, or broker, between two parties seeking to buy or sell a property. Real estate agents have the skill and expertise to either market the property and sell for the best possible price and conditions, or to look for property that suits a client's needs and buy it at the best price possible with the most favourable terms.

Negotiation is a key part of the real estate agent's work, as they act as the intermediary between buyer and seller and will often negotiate on their client's behalf. Real estate agents will charge a percentage of the final sale price as their fee.

What is the workplace of a Real Estate Agent like?

A real estate agent's workplace is as varied as the property they buy and sell and the clients they deal with. While some time is spent in an office environment, a lot of the real estate agent's working life involves travel and irregular hours. The agent will need to visit properties as well as attend meetings with prospective and current clients. This may take place during the day, in the evenings as well as weekends to meet client needs.

The real estate agent also attends industry conferences and seminars to stay up to date with current trends as well as keep up their contacts and professional network. They must also keep up with all the available properties in the area, therefore going to agent open houses every week is essential in order to keep as current as possible.

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Further Reading

  • How To Be A Great Real Estate Agent

    Real estate can be a great career if you are a hard-working, self-motivated, and honest professional. These attributes generally come from within you. You either are these things or you are not. There are, however, many skills that you can learn and develop to ensure your clients stay with you for life, and refer other clients to you as well.

  • How To Get Started In Real Estate

    Working in real estate is a multifaceted career. One part industry expert, one part marketer, one part sales person, one part negotiator, one part tech support and lots of hard work.

  • Why You Should Become A Real Estate Agent If You Want To Invest In Rental Properties

    Being a Realtor has helped me tremendously in my own investing strategy. I have purchased 8 long-term rental properties and I am making at least 20% cash on cash returns on all of them.

  • Becoming A Broker

    If you’re thinking of becoming a real estate agent, it’s definitely worth it to look into every aspect of the job before you make the decision.

  • Tips For Becoming A Real Estate Agent

    Becoming a real estate agent can be a rewarding career. Arm yourself with the knowledge about what it takes to break into this field and what the job conditions are.

  • The Truth About Being A Real Estate Agent

    If you have ever considered investing the time and money necessary to become a licensed real estate agent, here are some of the most important things you should consider when making your decision.

  • Beginner’s Guide To Being A Real Estate Agent

    There are many different players in the residential real estate industry—property managers, publishers, builders, banks, and government agencies, to say nothing of buyers, sellers, and renters. Nevertheless, the real movers and shakers are the intermediaries, the people constantly moving between and communicating with these players: agents and brokers.

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