Most people think that all real estate agents do is help people buy or sell homes, but this is just one small part of the job. Real estate agents also help renters find the perfect property, work with developers to create new housing communities, and more.
Real estate agents play a vital role in the housing market. They help people find the perfect property, whether they are looking to buy or rent. They also work with developers to create new housing communities and help promote existing ones.
There is a lot more to being a real estate agent than just helping people buy or sell homes. If you are thinking about becoming a real estate agent, here are eight of the key roles and duties you can expect to undertake.
8 Key Roles a Real Estate Agent undertakes:
1. Finding properties for buyers and renters.
There are a couple of ways that real estate agents find properties for their clients.
The first way is by searching the REALTOR®.ca/ MLS database. This is a database of all the properties that are currently on the market. Real estate agents have access to this database and can search it for properties that meet their clients’ needs.
The second way is by networking with other real estate agents. This is how most off-market properties are found. When an agent has a buyer or renter who is looking for a specific type of property, they will reach out to their network of other agents to see if anyone has any leads.
2. Showing properties to buyers and renters.
Once an agent has found a few properties that their client might be interested in, it’s time to go on some showings. A showing is when an agent takes their client to see a property in person. This is important because it allows the client to get a feel for the property and see if it’s a good fit for them.
3. Negotiating contracts between buyers and sellers.
If a buyer or renter decides they want to make an offer on a property, the real estate agent will help them negotiate the contract. This includes negotiating the price, the terms of the sale, and any other special conditions that need to be met.
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4. Helping clients with the paperwork.
There is a lot of paperwork involved in buying or selling a property. The real estate agent will help their clients fill out and submit all the necessary paperwork, such as the offer to purchase and the contract of sale.
5. Help with home inspections.
If a buyer is purchasing a property, they will need to get a home inspection to make sure there are no hidden problems with the property. The real estate agent can help the buyer arrange an inspection and be present for it if the client wants them to be.
6. Managing contracts and deadlines.
Once an offer has been accepted, there are a lot of deadlines that need to be met for the sale to go through. The real estate agent will help their clients manage these deadlines and make sure everything is on track.
7. Promoting properties.
If an agent has a listing, they will need to promote it to potential buyers and renters. This can be done through online listings, open houses, and other marketing initiatives.
8. Keeping up with industry changes.
The real estate industry is constantly changing, so agents need to keep up with the latest news and updates. This includes new laws and regulations, changes to the REALTOR®.ca/ MLS system, and anything else that might impact their business.
Being a real estate agent is a rewarding career that comes with a lot of responsibility. Whether you are looking to hire a Realtor or if you are interested in a career in real estate, these are just some of the roles and duties you can expect an agent to undertake.