What Does a Real Estate Agent Do?
Whether you’re buying or selling a home, you’ll likely work with a real estate agent
to complete the transaction. A good agent can make the process much easier for
you and make sure you’re taken care of from start to finish. But what exactly does a
real estate agent do on a day-to-day basis? Aside from meeting with clients, listing
properties, and showing homes to potential buyers, there’s a lot more to the job.
The average real estate agent works with a number of different people throughout
the day, from potential buyers and sellers to mortgage lenders, home inspectors,
and other real estate professionals. A typical day includes attending networking
events, making phone calls to potential clients, and meeting with clients to discuss
their real estate needs. They may also meet with other real estate agents or brokers
to learn about new listings or to discuss the local market, and they’ll often attend
regular office meetings to stay up-to-date on price changes in the area.
Real estate agents must be licensed in order to work in the field, and they typically
earn a commission from the broker they’re working with on each sale. They decide
which clients they take on and when, as well as how many hours they want to work.
They can also choose to work for discount brokerages that pay a base salary in
addition to commission.
If an agent works with a buyer, they’ll help them find properties that match their
budget and preferences. They’ll send them listings, tour homes with the client, and
advise them throughout the process. They’ll also assist with applying for a mortgage
and helping to negotiate a deal. Also read https://www.dignityproperties.com/who-pays-closing-costs-tennessee/
Once a home has been found, the real estate agent will help their client with
preparing to close on the property, making sure all paperwork is in order and that
any issues are resolved before closing. They’ll also help their client read through and
understand the closing documents and answer any questions they might have.
Depending on the state where you live, you may have the option to work with a
dual-agency real estate agent, which means that the agent represents both the
seller and the buyer in a real estate transaction. While this is allowed in some states,
it’s generally not in the best interest of either party and can lead to conflicts of
interest. If you’re considering working with a dual-agency real estate broker, check
their license status online to ensure they have a clean record and aren’t currently
facing any disciplinary action. To get started with your home search, apply for a
mortgage now with Rocket Mortgage(r). We’ll get you pre-approved and ready to
begin touring homes sooner. Getting ahead on the mortgage process is one of the
best things you can do when house hunting. Learn more about the responsibilities of
real estate agents in our blog post.