As we all know, one of the main economic activities in the world is the purchase and sale of real estate, and like any profession, it is important to have someone who is an expert in the subject in order to perform a safe and successful operation.
In this blog, we will talk about what a real estate agent is, what their functions are and how to become one.
Realtor Or Real Estate Agent
It is a person who offers real estate management services, advice, and mediation of operations related to the purchase and sale of real estate, facilitates negotiation, and offers opportunities that fit within a given budget.
Duties Of A Real Estate Agent
There is a list of some of the functions that a real estate agent performs
- Prepares the property for viewings
- Performs a report with photographs and videos
- Gives guided tours
- Reviews the property’s documentation
- Negotiates the price
- Draw up contracts
- Help the buyer to look for credit or financing
- Schedules the deed
Types Of Real Estate Agents
Although most real estate agents usually do the activities of the three types of agents we will see below we can teach you the difference between each of them.
Selling Agent
As its name says, this agent has the function of selling a property, he is in charge of negotiating the price with the buyers, always taking into consideration the interest of the seller and elaborating commercial proposals.
He identifies the properties that his clients might be interested in buying, contact the sales agent to arrange visits, presents to the sellers the offers of his clients, and guides them until the closing of the operation once the offer is accepted.
Purchasing Agent
This makes recommendations to its customers of the properties that fit your budget and requirements, also are responsible for making guided tours of each property to have a better overview of the commercial agent, is also responsible for helping to seek financing or credit for the buyer.
Another function that sometimes performs this agent is usually the legal representation of the client.
Dual Real Estate Agent
Is when a real estate agent works on behalf of both the buyer and the seller of the property. In most real estate transactions, it is much more common for each party to be represented by a separate agent, as this avoids the conflict of interest that can arise when one agent negotiates for both parties.
Benefits For A Dual Estate Agent
The dual agent can create an agreement that works for both parties involved in the transaction and thus obtain a commission from both buyer and seller.
How To Become A Real Estate Agent
There is no single, definitive answer to this question. While there is no definitive path when it comes to how to become a real estate agent, there are certain activities, costs, milestones, and considerations that almost every aspiring agent’s experience will cover.
It depends on a number of factors, including your location. States often have specific requirements that determine how long it takes to obtain a real estate license.
Starting a career as a real estate broker is an attractive and exciting prospect for all types of professionals, from the recent graduate looking for their first career to the working real estate agent looking for a change of scenery, and while it can be lucrative, social and exciting, it’s rarely easy. You don’t have a boss to tell you what to do, so charting a successful path in this field is almost entirely up to you.
Now that you know this information and want to get started in the year ahead, you should consider being a real estate agent as your option.
