If you are applying to get the job of a real estate agent, then read this job description guide to see the duties and responsibilities you should expect.
The job of a real estate agent involves assisting clients buy, sell or rent a property.
They perform duties such as identifying and generating leads as well as advising clients of the perfect price to sale, rent or buy property
An ideal individual for this job should possess good communication and interpersonal skills.
You should also be organised and have the ability to troubleshoot.
Here is my guess, since you are reading this article on the job description of a real estate agent, you are aspiring to start a career in that path.
On that note, I think it is right to say, ‘you are on the right path’.
Because, knowing and understanding your job description is a good step towards becoming good at what you do.
What does a real estate agent do?
Real estate agents are individuals who help clients sell, rent or buy properties.
Real estate agents and real estate brokers actually perform similar functions.
Unlike real estate brokers, real estate agents are not licensed to manage their own real estate business.
Therefore, they always have to work under real estate brokers.
Buying or selling a property could be difficult sometimes, therefore individuals always require the services of a real estate agent or broker.
Real estate agents often sell properties used as homes, but some sell properties used for business, agriculture and even industry.
Whether the client is a buyer or a seller, real estate agents meet with them. To discuss their interest and budget and how much they intend to sell respectively.
Also, they must be current with the latest government policies, programs and housing laws.
They must also be familiar with the environment, in order to quickly discern whether or not a property matches a clients’ needs.
Real estate agents also advise seller clients on how to prepare and advertise the property for a successful and expedite sale.
What are the duties and responsibilities of a real estate agent?
A good realtor should be able to work fairly with both parties while protecting the interest of all parties.
The following are some of the duties and responsibilities of a realtor commonly included in a real estate agent job description:
1. Persuade potential buyers to buy or rent a property
Real estate agents identify potential buyers or sellers of properties.
Then, they try to convince them to buy or sell the property.
2.They meet with clients
Before any kind of transaction begins, real estate agents must meet with the clients first.
They meet with buyer clients to discuss their preference and how much they are willing to spend on a property.
Whereas, when they meet with seller clients, they discuss and agree on an ideal price for selling a property.
3. Provide advice to clients on prices
It is also the duty of a real estate agent to advise clients on a marketable price.
The price must be fair to all parties and affordable effort to make the selling of the property faster.
4. Create a list of properties for sale
Real estate agents create a list of properties for sale.
The list usually includes property features such as location, closeness to school.
They also familiarise themselves with the areas of all properties.
5. Mediate between buyers and seller
These individuals liaise between buyers and sellers
They mediate during negotiations of price between buyers and Sellers.
Other duties and responsibilities of a real estate agent usually featured in their job description include:
- Visit properties with potential buyers or renters.
- Assess properties to determine a market price that is competitive.
- Advertise properties.
- Ensure that all transaction contracts are met.
- Prepare all necessary documents to complete and close a deal.
- Maintain an up to date list of available properties for sale.
What qualifications do I need to become a real estate agent?
Before becoming a real estate agent, you have to complete some courses on real estate.
In some states or countries, a real estate agent must take a pre licensing course that is accredited by the state.
As a result of increase in competition in the real estate market, most employers prefer employing those with a college degree in real estate.
Universities and colleges often offer courses in real estate.
Some offer associate’s or bachelor’s degrees in real estate, while others offer certificate programs.
A real estate broker who has the intention to start up their own real estate business should also take some business courses.
Aside from running pre-licensing courses, some real estate associations also offer professional programs for both novice and experienced realtors.
In the course of such professional courses, students learn the following:
- Real estate laws
- Real estate fundamentals
- Mortgaging financing
Licensing, certification and registrations for real estate agents
Before practicing as a real estate agent or broker, you must be licensed to practice in that particular state or country.
Here are the basic requirements for obtaining a real estate license:
- A realtor must be more than 18 years old.
- Successfully complete courses in real estate.
- Be present in the licensing exams and also pass.
The requirements may vary depending on state and country’s real estate laws.
License gotten from one state cannot be used in another state to practice.
But, in some states, some of the real estate courses carried out in another state can also be used as a requirement to get licensed.
Typically, a license is renewed every 2-4 years.
In some states, renewal of a license requires more training and courses.
Before a realtor can become licensed to state a real estate business, he or she must have had up to 3 years experience as a licensed real estate agent.
And, must also take more training courses or obtain a bachelor’s degree.
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What skills does a real estate agent need?
Realtors are expectations to possess certain attributes which helps them perform their duties better.
These skills and interests are also featured in the job description of a real estate agent.
Some of them include:
1. Communication skills
A good realtor should be capable of communicating effectively in writing and verbally as well.
Communication for a real estate agent should transcend beyond speaking to listening.
Because he or she will have to listen to the preference or need of clients before taking action.
2. Business acumen
This skill is more important to real estate brokers than it is to agents.
But, agents also have to be business inclined.
They should be able to negotiate a good deal that will be beneficial to buyers, sellers, the real estate agency they work for and themselves as well.
3. Interpersonal skills
Good interpersonal skills are very essential for real estate agents.
As one you should be able to develop a good relationship with your clients.
That way, you can gain their trust and keep them forever.
4. Organisational skills
A good realtor must be organised.
You must be able to plan and manage activities and time.
Also being able to multitask and prioritise your activities is very relevant.
5. Problem solving skills
Real estate agents and brokers must be able to identify and rectify problems before they get out of hand.
Good problem solving skills greatly depends on the realtor’s ability to think critically.
How much do realtors make?
According to indeed, realtors in the United States make an average of $78,577 per year.
Their salary ranges from $23,600 to $178,720 per year.
These figures may differ depending on your geographical location.
Your experience and qualification may also determine your pay.
More experienced and qualified realtors are usually paid better than their less experience and/or qualified colleagues.
Where do real estate agents work?
Real estate agents typically work in real estate and rental agencies.
After some years of experience and obtaining a license, real estate agents can become brokers and state up their own business.
Vacancies for real estate agents are placed online by recruitment agencies on local newspapers and radio stations.
Real estate agent work environment and schedule
Real estate agents work in an office environment, but they spend much of their working hours meeting with clients and visiting properties.
Sometimes they may even have to travel to see available properties and prospective clients.
A real estate agent works for up to 40 hours a week, they even work during weekends and at evenings, just to accommodate a client’s schedule.
Real estate agent job outlook
Employment opportunities for real estate agents is estimated to grow by 7% from 2018 through 2028.
As people seek for better apartments and relocate, there will be an increase in the demand for the services of real estate agents and brokers.
In locations where the economy grows and flourishes, there will be growth in employment opportunities for realtors.
Because the state of the economy usually has a great effect on real estate businesses.
Conclusion: Real estate agent job description guide
As the economy blooms people will certainly move to better accommodations, as such realtors will be in demand.
But new individuals in this career will face strong competition from more experienced agents and brokers
Therefore, now is a better time to enter this occupation.
As such, I will advise you to take everything written in this free guide on the job description of a real estate agent.
Prospective real estate agents should also feel free to make use of this free guide on the job description of real estate to create a professional resume.
Also, organisations should feel free to make use of this article to create a real estate agent job description template.
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