As a real estate agent, you work with people to buy or sell their property. It’s a
rewarding career, helping others achieve one of their most important life goals. But
what does a real estate agent do on a day-to-day basis? Read on to find out more
about the many responsibilities of a real estate agent.
- Meet with prospective clients to understand their buying or selling needs.
A large part of a real estate agent’s job is cultivating leads, meeting and
interviewing potential clients to assess their needs, and scheduling appointments for
property showings. During these meetings, agents explain the home-buying or –
selling process and answer any questions that clients may have. For more info https://www.martinlegacyholdings.com/sell-my-house-fast-georgia/
Real estate agents also perform research on prospective homes to help clients make informed decisions. This involves looking at properties in the Multiple Listing Service (MLS) and comparing them to similar listings in the area. It also includes determining an asking price for a home based on market activity and comparable prices in the neighborhood.
Once a client decides to make an offer, their real estate agent will submit it to the
seller through the MLS and discuss it with the sellers’ representatives. During this
process, the real estate agent must be sensitive to any feelings that the sellers may
have about the sale of their home. For example, if the seller feels like their home is
priced too high, it’s the agent’s job to convince them that they’re losing out on
potential buyers by pricing their property too high.
If a seller accepts an offer, the real estate agent will communicate with the buyer to
finalize the contract and prepare for closing. During this time, the agent will review
all documentation related to the sale and conduct a walkthrough of the property with
the clients to ensure that there are no issues that need to be addressed before
closing.
- Marketing Property Like Crazy.
Exceptional marketing is key to the success of any real estate listing. To this end,
real estate agents create and distribute print and digital media that promotes their
clients’ homes to prospective buyers. This can include flyers, social media posts,
emails, and the Realtor’s website. It’s also common for real estate agents to host
open houses, which are public events where potential buyers can tour properties.
- Close Escrow.
When a sale is complete, the real estate agent will notify the appropriate parties and
complete all necessary paperwork. They’ll also act as a mediator between the buyer
and seller, unless their state laws stipulate that other people must be present during
closing. They’ll also be responsible for conducting a final walkthrough of the property
before closing to make sure there haven’t been any repairs or modifications made
without a permit. Then they’ll collect their commission, which is usually 6% of the
total sales price of the property. This percentage is split between the agent and their
broker.