What Does A Real Estate Agent Do

Each day in the professional life of real estate agent is different. Each day they meet new people, visit new places, gain new experiences, and enhance their skill set. 

There are numerous tasks that real estate agents do on daily basis. But before going into what does a real estate agent do, let’s take a look at;

What is a Real Estate Agent?

Real estate agent is someone who helps people purchase, sell, invest, lease, and rent their homes or commercial places. Real estate agent also acts as an advisor about real estate pricings, mortgages, strategies, and various real estate market scenarios.

What Does A Real Estate Agent Do?

Real estate agents are tasked and perform multiple duties and fulfill their responsibilities. From generating leads to property closings, they perform various functions and duties. Real estate agent also assists in the processes on both buyer and seller end.

Real estate agents are professionals having license and works under a brokerage. They guide and assist their clients, whether a buyer or a seller, in each phase of the process.

Real estate agents’ duties change upon the following basis;

1. General duties of all real estate agents
2. Type of client they are working with, whether a buyer or a seller

1. General Duties Of All Real Estate Agents

The general duties of almost all the real estate agent include;

Administrative Tasks

In administrative tasks;

• They respond to phone calls, emails, and texts, of their clients properly and provide them clear guidelines regarding real estate
• They also schedule the appointments of clients of each side for property showings and meetings
• They list properties and update them regularly
• They help in processing documents, contracts, and agreements
• They help in creating monthly, quarterly, and annual budgets for operations
• They take care of all the documents, contracts, and paper works

Research

In research, real estate agents perform following tasks;

• They perform real estate market analysis to collect detailed information about a particular market
• They look for industry, business trends and practices
• They research listings to generate reports regarding comparative market analysis
• They research open listings to find new properties

Marketing

In marketing, real estate agents perform following tasks;

• They create and distribute promotional material like newsletters, flyers, and more
• They update and manage social media platforms and websites
• They keep in co-ordination with current and potential clients
• They create and develop marketing plans for listings
• They create and update client database frequently
• They create and run marketing and advertising campaigns

2. Types of client they are working with, whether a buyer or a seller

Real estate agent who helps and assists seller of a property is also referred as seller’s agent or the listing agent.

On the other hand, the one who helps and assists buyer of a property are referred as buyer’s agent or selling agent.

What Seller’s Agents Do?

When a client is ready to sell their property, they will turn to seller’s agent. Seller agents’ primary task will be to help their clients in finding buyers for their property. Seller agent will also help their client price their property and list it.

Seller’s agent will perform following tasks;

• Meeting clients
• Taking photos of the property
• Helping clients pricing their property
• List property on relevant multiple listing service
• Recommending presale adjustments and suggestions
• Market and advertise clients’ property to gain attention of potential buyers
• Schedule and supervise property showings
• Assess potential buyers of the property
• Guide their clients about multiple offers for the property
• Negotiate on various aspects of sale
• Prepare and draft documents, agreements, contracts and statements

What Buyer’s Agents Do?

When a client is ready to buy a new property, they will turn to buyer’s agent. Buyer agents’ primary task will be to help their clients in finding their new property according to their demands. Buyer’s agent will perform following tasks;

• Listening to clients demands, likes and dislikes
• Research on relevant multiple listing service to find properties that fits clients’ demands
• Search for properties online and in-person
• Finding potential properties according to those demands
• Talking to seller’s agent
• Schedule the property showings
• Ensuring that client is pre-approved for any mortgages
• Generating and submitting the offers
• Negotiating on behalf of the buyer for price and property repairs
• Prepare and draft documents, agreements, contracts and statements
• Guiding and assisting buyers through closing phases where presence is required or requested

How Much Do Real Estate Agents Make?

In any career, there are different compensations for different positions or even same positions. There is a same case for real estate agents. According to Indeed, real estate agents’ average annual salary in the United States is $104,591.

Real estate agent earns commissions on successful sale of properties that are paid to real estate brokers directly. Generally, commission is around 5-6% of property listing price, but numbers can vary around 1-10% depending on agreements and contracts.

Real estate agents salary is depending upon the time they invest, hard work, and how many properties they sell.

The Bottom Line

Real estate agents manage their time and perform all the activities that they are required to do. From administrative duties, research, marketing, to dealing with buyers or sellers. Still, real estate agents have long and variety of duties and responsibilities to perform.

Generally, real estate agents have busy days, reporting to their office, meeting clients, showing properties, negotiating and preparing papers works. There is no such thing like a typical day or day similar to previous one in real estate agents job. 

What Does A Real Estate Agent Do FAQ

1. What exactly do you do in real estate?

Real estate agent is someone who helps people purchase, sell, invest, lease, and rent their homes or commercial places. Real estate agent also acts as an advisor about real estate pricings, mortgages, strategies, and various real estate market scenarios.

2. What hours do most real estate agents work?

Almost half of the real estate agents 49% work 40 hours or more. Almost half of real estate agents 53% states that they work almost same hours or longer than they did first year.  

3. How do real estate agents get paid?

Real estate agents get paid their salary, and additionally, they earn percentage commissions on successful sale of a property.