What Does a Real Estate Agent Do?

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You don’t have to work with a real estate agent when you buy or sell a property, but doing so can prevent some serious headaches (and save you some money). Real estate agents are licensed professionals who get compensated for helping clients with property purchases and sales. They’ll take care of everything from finding homes in the neighborhood you want to checking for issues before closing on a home. Depending on your role, you may also help prepare marketing materials, conduct open houses and act as a liaison between buyers and sellers.

The most common type of real estate agent works for a real estate brokerage, which is the entity that oversees your career. These agents typically have a broker who sets their schedule and provides them with leads and opportunities to make sales. However, many independent agents are able to set their own hours and make their own business connections. You’ll be able to decide whether this type of career is right for you as a full-time gig or if it’s something you can use to supplement other income sources.

Both types of real estate agents have some of the same responsibilities, such as showing properties to prospective buyers and clients and conducting market research to provide information about local property prices, housing trends, schools, crime rates, etc. You’ll also be expected to maintain your license and keep up with market knowledge so you can best serve your clientele. For more info https://www.shonabuyshouses.com/

If you’re a buyer, your real estate agent can help you determine the most competitive selling price for a property, helping you avoid making emotional decisions that could lead to a sale. They’ll also help you find the best mortgage lender and guide you through the loan process.

Similarly, if you’re a seller, your real estate agent can help you decide on the best asking price for your property, balancing the likelihood of a sale with your desire to receive an offer as soon as possible. They can help you prepare for potential problems during the closing process by ensuring that all parties involved have signed off on the appropriate paperwork, such as purchase agreements, inspection reports, loyalty contracts and closing-cost settlements.

Real estate agents often negotiate on behalf of their clients during the final stages of a transaction, unless your state requires other people to be present for these meetings (such as mortgage lenders, title or escrow officers and attorneys). One of the most important things that real estate agents do is double-check all contract documents for errors before they’re sent off for signing. If a mistake is made, it can delay the closing date or cost you extra money in the form of fines or penalties. It’s also an agent’s job to communicate any last-minute changes or hiccups in the negotiations with the other party. They’ll help you figure out how to address them or whether it’s better to walk away from the deal altogether.