Real estate agent: duties and functions

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

What are the duties of a real estate agent? In the view of people who are not involved in real estate transactions - in the search for buyers and sellers, in other words, in intermediary activities. The opinion is not entirely correct.

The emergence of a profession

After the start of mass privatization of housing and the activities of private construction companies, the real estate market began to grow. Due to the abundance of offers and considerable demand, there was a need for specialists who could help find a seller or buyer and close the deal.

Many unpleasant and dark stories with re altors make people treat them quite wary. But people get used to turning to them for help, gradually making it the norm. This helps speed up the transaction process. Below is a look at what the duties of a real estate agent are.

Where to find an agent

Responsibilities of a real estate agent are formulated depending on the place of work. If he is hired as an employee, withthey sign an employment contract with an approved list of rights and obligations.

There are specifics of working in a construction or investment company, in a real estate agency, and in other structures, one way or another connected with the real estate market.

What is the responsibility of a self-employed real estate agent is decided by the agreement that he offers the client to sign.

Main Responsibilities of a Re altor

In practice, the following list of duties of a real estate agent is implemented:

• Receiving requests by phone or email or other means of communication and counseling.
• Search for offers.
• Show items for sale or rent.
• Providing assistance with transactions (most often purchase and sale and rent).

Customer Communication

It is not uncommon for people to seek a brief consultation about the offers available on the real estate market. Along the way, it turns out the cost of the services of a re altor. They do not always wait for customers to contact and take the initiative, trying to attract their attention with the help of advertising. Especially in this area, large construction companies have succeeded.

It is quite common to run into people on the street offering flyers with offers, including those from real estate agents.

Search offers

The first responsibility of a real estate agent is to help the client understand exactly what he needs and offer options.

Re altors, working in a company or independently, have a database of objects that are offered to buy. And the client makes a choice from the proposed list. If he does not have time to watch, then he will be made a selection of offers that match his requests.

Over time, proposals for the purchase of real estate began to spread on the Internet. And by visiting the site of an agency or company, a potential client can make a first impression of the object. The price and contacts of the agent responsible for the transaction are also indicated there. Such an organization of work is typical for both small real estate agencies and large companies, banks.

Show objects

Before agreeing to purchase even for temporary use, people tend to visit the property they are interested in and inspect it. No photographs will allow you to fully make an objective assessment. Moreover, there may be hidden flaws.

Responsibilities of a real estate agent include: providing answers to questions about the owners, the condition of the house or building. Questions are asked very different, and you have to carefully prepare. There are serious concerns about the risks associated with the legality of the transaction: whether the claimed seller has the right to it.

Providing assistance with closing deals

Help concerns both the preparation of all documentation and individual papers. Most often, lawyers specializing in real estate issues work with re altors or as part of firms. For example, in an agencythey will help you first put the object on the cadastral register and register the rights to it.

Difficulties are caused by transactions with objects where illegal redevelopment or reorganization has been carried out. No less confusing are situations where several people are the owners at the same time. If necessary, an agent or representative of the company is engaged in the preparation of documents that are needed to complete the sale.

The activity of the agent is not limited to the paper side of the case. It often helps to agree on the terms of the transaction, to come to the parties to a common opinion on a particular issue.

What makes a rental agent work

The duties of a real estate rental agent include the list already described above. The difference is in the focus on renting rather than buying and selling. He also prepares proposals, documents, conducts negotiations, inspects the object.

Relationship formalization

Services to the client are provided in accordance with the provisions of the contract signed with the client. The text lists the rights and obligations of the parties, the price for services and a list of actions that the re altor undertakes to perform.

The result of the work is recorded in the act of accepted work, then an invoice is issued. The amount of the cost of services is determined by the region, the scope of work and the terms of the contract. Usually the price is calculated based on the value of the transaction.

How to get a seat

As always, a potential employer inFirst of all, you are interested in a resume or a brief description of a future employee. What do you write on a real estate agent resume? Duties that he can take on, including, but about everything - in order:

• full name, date of birth;
• place of residence (city or town);
• contact details (phone number, email address);
• current education;
• places previously worked and positions held;
• previous duties;
• reason for job change;
• personal professional qualities;
• additional skills (driving a car, knowledge of foreign languages and so on);
• attitude towards moving and business trips.

This list is not closed or standard, it is quite possible to add to it.