Introduction
Should You Hire a Real Estate Agent? Perhaps your company is looking to add a new location or sell an old asset that is no longer needed. Or maybe you’re a real estate broker looking for another person to take over the realtor job in your office. But let us know these things thoroughly.
Table of Contents
Real Estate Agent Work
Real estate agents work with clients to help them buy, sell, or rent real estate. Roles and Duties of a Real Estate Agent Interfacing with clients. Acting as an intermediary for buyers and sellers. Performing administrative, research, and marketing tasks. There are also some common duties of a real estate agent.
Administrative
- Answering phone calls and emails.
- Display of scheduled appointments
- Updating property lists
- Drafting and delivery of documents.
- Order supplies
Research
- Real Estate Market Analysis
- Up-to-date analysis of real estate markets, trends, and best practices
- Searching open lists to find properties
Marketing
- Equipment and distribution
- Maintaining an online and social media presence
- Network with potential clients and local businesses
- Executing advertising campaigns
- Creating a blog or website
3 Types of Real Estate Agents
Although many agents perform multiple roles during their careers, they fit under specific headings. The following real estate job descriptions will help you narrow down the type of agent you’re looking to hire.
Seller’s agent
A real estate agent who helps owners sell a property is called a seller’s agent or listing agent. When a seller wants to sell their property, they usually contact a real estate agent to act on their behalf. With the seller’s best interests in mind, a real estate agent determines the exact price for the property. Uses their knowledge to list it and market it to potential buyers.
In working as a seller, a real estate agent must perform the following key roles and responsibilities:
- Preparing a comparative market research analysis to establish a realistic asking price.
- Find out which properties in that neighborhood are selling the most property
- Identifying the best places to invest money in improvements
- Staging the property to make it attractive to buyers
- Photographing the property inside and out
- Listing the property on the local Multiple Listing Service (MLS).
- Advertising the property to attract the attention of prospective buyers
- Overseeing property shows and open house events
- Drafting documents such as offers, contracts, and closing statements
- Communicating with appraisers, escrow companies, lenders, and home inspectors
Buyer’s Agent
A real estate agent is sometimes called a buyer’s agent or sales agent. Buyers often contact real estate agents when they are in the market to purchase a property, such as a new office space. Real estate agents generally know the ins and outs of the real estate market. So, they can use their expertise to match a buyer with a property that matches their needs and wants.
Some of the key responsibilities of a real estate agent include working with buyers. Let’s see that now:
- Coordinating and monitoring public meetings
- Arranging meetings with prospective buyers
- Interviewing buyers to understand what they are looking for in a new property
- Scheduling property showings
- Coordinating assessments and inspections
- Negotiating property repair requests and offers on behalf of the buyer
- Drafting and reviewing documents and contracts
- Guiding the buyer through the closing process
Dual Agent
If a real estate agent acts for both the seller and the buyer in a transaction, they are called dual agents. A dual agent fulfills all the aforementioned duties of a real estate agent for a given transaction. However, this can sometimes create a conflict of interest.
Benefits of Hiring a Real Estate Agent
Whether you need to rent or buy office space for your business, sell a piece of property, or hear your real estate staff. There are many benefits to hiring a real estate agent.
Real estate agents are qualified and licensed. Becoming a professionally licensed agent involves taking courses and passing a state exam. They also have continuing education requirements to stay abreast of laws and trends.
Must have relationships with others in the real estate industry and in the community. These may include title companies, appraisers, inspectors, landscapers, and contractors. Because of this, real estate agents can contact you with the right contacts who are the best bet.
Conclusion
A real estate agent is a professional who deals in property transactions. Realtor is a title given to a real estate agent who is a member of the National Association of Realtors. The two titles are not interchangeable because only members of this organization can call themselves realtors. For more information, visit openplot.