A real estate agent helps their clients to buy, rent or sell properties. They advise clients on market conditions, conduct guided tours and provide guidance and assistance during the process of buying, selling or renting property. Real estate agents are licensed professionals who usually work under the supervision of an estate agent. Whether buying or selling a property, they are trained to guide you through all phases of the sale, from sourcing properties to closing the deal.
Real estate agents oversee the acquisition and sale of properties. There are no formal requirements to become an estate agent, although experience in customer service work and an interest in the local property market can be advantageous. The work of an estate agent contains elements of marketing, sales and administration. Estate agents are often employed by real estate companies or local estate agents, whether they are small independent agencies or a local branch of a larger company.
It is possible to obtain a range of professional qualifications through Propertymark Qualifications, a partner company of the professional estate agency body NAEA Propertymark (formerly known as the National Association of Estate Agents). You may be required by your employer to complete these as part of your employment. Commercial, residential or rural surveyors are expected to progress towards the Chartered Surveyor qualification alongside their work. The RICS qualification process is called Assessment of Professional Competence (APC).
This is not a requirement for estate agents. In simple terms, the role of an estate agent is to facilitate the sale of a property. Whether they are acting on behalf of the buyer or the seller, it is the responsibility of the estate agent to provide honest and informed guidance that fully meets the needs of their clients. Attracting job applicants is often relatively straightforward; however, attracting quality applicants can be a challenge.
Monster's real estate agent job description can help achieve this goal. Start by using the template structure and then modify it to make it as specific as possible to your unique requirements. See our real estate agent job listings for more help. You are likely to have an induction into the company, which may last a week or two, to familiarise yourself with the workings of the business and the legislation related to estate agency work.
Buyers often turn to estate agents when they are in the market to buy a property, such as a house or new office space. The following list of responsibilities should serve as a checklist for anyone wishing to engage the services of (or working with) an estate agent. As a result, there may not be a typical day in the life of a real estate agent, an aspect of the job that many agents find appealing. Newer estate agents tend to have salaries of between £14,000 and £20,000 a year, while more experienced agents earn between £25,000 and £60,000 a year.
It is possible to enter the profession as an administrator and then work your way up to estate agent as you gain experience. Estate agents can also be chartered surveyors and, as such, will have to meet the ethical requirements and professional standards of the Royal Institute of Chartered Surveyors (RICS), but will also be qualified to carry out full property surveys and valuations. During home visits, the estate agent may also ask questions of their clients to guide them in identifying other potential properties. When interviewing the best candidates, ask a mix of common interview questions and real estate-specific questions.
Your real estate agent should also be proactive in showing your property to as many potential buyers as possible. Estate agents work with homebuyers and sellers during the sale and purchase of properties, providing support and guidance and assisting with tasks such as listing properties, visiting properties for sale and putting clients in touch with legal and financial professionals. The real estate agent may collect information related to the client's price range, the target area or the selling price (if they are selling a house). During these meetings, the real estate agent also determines the client's time frame and may collect financial data.
The real estate agent who helps clients buy a property is sometimes called a buyer's agent or a seller's agent. Agents have a multitude of daily tasks and responsibilities, from lead generation and marketing to open houses and property closings. Still, most agents have a long and varied list of daily tasks and responsibilities that can change with little or no notice.