There’s no way real estate transactions would ever get off the ground without the
help of licensed professionals known as real estate agents. These individuals act as
intermediaries between home buyers and sellers in real estate deals and are paid
based on commissions. They also have a wide range of additional responsibilities
and duties that can vary based on their client’s needs.
The first step in becoming a real estate agent is to complete a licensing course and
receive your license. This is followed by obtaining employment with a real estate
broker. These firms are responsible for overseeing their agents and typically offer
name recognition, mentorship and professional and administrative support. Brokers
also take a cut of the real estate agents’ commissions, so they have a vested
interest in making sure that their agents are successful and do not make mistakes
that could cost them their livelihoods.
During the day, real estate agents may be responsible for showing properties,
scheduling appointments and answering calls or emails from prospective clients.
Many also attend regular office meetings with brokers or other agents to view new
listings and discuss market trends. These activities are important because they help
to line up buyers and sellers, so they can close sales quickly and efficiently.
When meeting with prospective clients, real estate agents will often ask a lot of
questions about their goals and requirements for purchasing or selling a property.
This information helps to identify what type of property is right for them and what
they should expect during the process. It’s also an opportunity for them to build trust
with their client and establish a foundation of communication that will be beneficial
throughout the transaction.
If a client is interested in buying a home, the agent will search listings in the Multiple
Listing Service (MLS) and show them properties that match their criteria. This can be
done through in-person meetings, email, text or phone call. They will then use their
knowledge of the local area to help the client narrow down their options and
determine which homes are a good fit. Also read
After the client has found a home they want to buy, the agent will prepare and
submit the necessary paperwork for the deal to be finalized. This can involve
drafting contracts, reviewing and editing legal documents, negotiating pricing and
working with the other party’s agent to ensure that all required steps are taken.
At the closing, the real estate agent will help their client to read through and
understand the paperwork they’re signing and answer any questions or concerns
they have. This is an important role because any issues can delay or even derail the
sale of a property.
While there are some agents who work a more streamlined schedule, others are
incredibly busy and grind nonstop to bring in big sales. In a city like New York,
where the real estate industry is competitive, the ability to be a top producer is