The Operations of a Real Estate Agent: Insights into Their Workings


A real estate agent is a licensed professional who organizes property transactions between buyers and sellers. Their exact job duties can vary depending on whether they work as a buyer’s agent, seller’s agent or both. They also specialize in either commercial or residential real estate. Regardless of their specialty, real estate agents are tasked with providing valuable insight and support throughout the home buying and selling process.

A home is typically the largest asset most people will ever own, and purchasing or selling a property can be a complicated process. A good real estate agent provides expert guidance backed by years of experience to help clients navigate the process as smoothly as possible. Also read

As part of their job, real estate agents are expected to follow housing market trends in the area they serve. They’re tasked with providing data on average prices and sales volumes, as well as analyzing how the local economy, job market and demographics affect real estate values. Having this knowledge allows them to better advise their clients on the best properties for sale or purchase.

During the home-buying process, real estate agents pair up with their client and discuss what their buyer’s needs are in order to find them a new home within a reasonable budget. The real estate agent will then conduct a property search on their client’s behalf and show them homes that meet their criteria. Once they find a home that their client is interested in, the real estate agent will assist their client through the negotiation process with the seller’s agent to finalize a contract.

When working with sellers, real estate agents provide them with data on recent comparable sales in the area and market their property to potential buyers through listing services, social media, networking with other professionals and more. They’ll also advise their clients on any necessary improvements to the property in order to increase its market value. They’ll arrange showings, open houses and other marketing events to encourage offers on the property.

Aside from assisting their clients with the buying and selling process, real estate agents also prepare and submit paperwork to complete each transaction. They’re responsible for navigating their clients through the complex legal documents involved in a real estate transaction and helping them understand each document’s terms and conditions.

As a closing date approaches, real estate agents communicate with the clients of both parties to make sure that all deadlines are met and any necessary details have been addressed. They’ll also conduct a walk-through of the property with their client before closing to look for any damage or issues that may need to be addressed prior to transfer of ownership.

Depending on state laws, real estate agents can represent both the buyer and seller during the same transaction or be designated as dual agency. When they represent both parties, they’re tasked with disclosing this to their clients to avoid any conflict of interest or misunderstandings. Rocket HomesSM can connect you with a Verified Partner Agent who is experienced in the residential real estate market and can guide you through the entire process from start to finish.


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