Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .


What does a real estate agent do?

What does a real estate agent do?

If you are looking to buy or sell land and property, then the easiest way to do it is by contacting a real estate agent. The real estate agent is an intermediary who connects property buyers and sellers and helps to close a transaction. In the USA, a real estate agent needs to work under a real estate broker to carry out transactions. Most countries have laws that regulate the functioning of real estate agents.

The main job of a real estate agent involves selling. He needs to help buyers find the property of their choice and help them complete the transaction. He also helps sellers find a buyer who is interested in purchasing their property. In return for facilitating the transaction between buyers and sellers, the agent gets a commission from either the seller, buyer, or from both.

A real estate agent needs to do a number of activities to complete a transaction.

  1. List properties for sale

A real estate agent in the US can use a listing service to list properties of clients for sale. This will help potential buyers get details of the property. Listing services may be commonly managed or there may be different listing services maintained by many agencies. Apart from using listing services, the real estate agent may also advertise properties for sale. Advertisements may be placed in newspapers and magazines. There are many websites that list properties for sale. These may be used to place advertisements.

  1. Work with Buyers and sellers

The real estate agent needs to find property buyers and sellers. He can do this by marketing his services through print ads, online promotion, and through social media. Most agents have business contacts and past customers who would refer clients to them. The agent needs to understand the requirements of the client clearly and help them find a buyer/seller. For properties being sold, the agent needs to first visit the property and learn more about it.

  1. Show properties

Buyers need to be shown properties that meet their requirement. The agent needs to take the buyer to different properties until he finds one that suits his needs. This is one of the main activities done by a real estate agent.

  1. Help in negotiations

The agent brings together buyers and sellers. He may facilitate a meeting at his office or elsewhere. He can help his client in the negotiation process. The objective would be to get the best possible deal for the client.

  1. Carry out paperwork

In most places, the agent will assist in paperwork for closing the transaction. This includes preparing a contract, examining documents like title suit,insurance, etc. For this purpose, the agent may need to work with a lawyer. Any other documents required by local laws need to be prepared before completing the transaction.

  1. Follow-up

Selling is what a real estate agent has to do to earn money. Follow-up is one of the major activities in selling. Once initial contact with a client is made, continuous follow-up is needed to convince the client to complete the process. The agent can make money only when a transaction is completed. Hence, maximum time and effort is needed for follow-up with clients.

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post