What Is a Real Estate Agent?

 

A real estate agent is someone who sells and leases residential, commercial, or time-share property on behalf of their clients. In the United States, agents have to earn a license by passing a state exam and completing a specific amount of coursework. They work on commission and usually hang their licenses with brokers who oversee their transactions and take a cut of their earnings. While some people work as independent real estate agents, the majority of agents are part of larger brokerages.

A good real estate agent has deep knowledge of their area’s housing market, including property values and comparable home sales. They are also familiar with local and state laws and practices. Most importantly, they can guide their clients through the buying or selling process from start to finish. https://www.qualitypropertiescashbuyer.com/sell-my-house-fast-in-florida/

Whether they’re working for buyers or sellers, real estate agents serve as go-betweens, conveying offers, counteroffers, and queries back and forth between parties. They can even help their clients find mortgage lenders and arrange for inspections and appraisals. Finally, they shepherd their clients through the closing process, ensuring they’re aware of and prepared for any requirements that need to be met, such as insurance policies, mortgage documents, and escrow agreements.

Most people are familiar with the term “real estate broker,” but what is a Realtor, anyway? A Realtor is a member of the National Association of Realtors (NAR) and adheres to NAR’s strict code of ethics. While being a member of NAR does not guarantee success, it can signify that an agent has a solid reputation in the industry and is held to higher standards.

It’s not unusual for real estate professionals to use a variety of titles to distinguish themselves from the competition and appeal to potential customers. Nevertheless, an agent’s title should not be the sole factor that determines whether you want to work with them or not. A few extra years of experience or adherence to a certain code of ethics may give you confidence in hiring an agent, but don’t forget that there are subpar professionals at every level of the industry.

If you’re thinking about hiring a real estate agent, be sure to ask for references from past clients and check their broker’s website for disciplinary records. You can also look up your prospective agent’s name in your state’s licensing database to see if they have any disciplinary actions recorded against them. And, of course, don’t forget to ask your prospective agent about their sales record, as well as their previous job experiences. Ultimately, you want to hire an agent who can provide you with the service and expertise you deserve.

 

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