The real estate agent is a true professional. This person is the link between the buyer and the seller. They are also involved in transactions and legal negotiations. The days of a real estate agent can hardly be called boring – it’s new meetings with people. Even more than that, since each person is unique, customers’ needs differ significantly from each other. A real estate agent is a flexible person who is always ready to solve the situation.
What Does a Real Estate Agent Do?
To begin with, it is worth clarifying that a real estate company can either manage real estate or be a broker. It means that your company can buy land and then turn it into mansions or apartments. Or you may be dealing with clients who want to buy or sell real estate.
Real Estate Agent Responsibilities
The real estate manager has basic tasks that must be constantly performed.
- Preparing representation contracts, purchase agreements, closing statements, deeds, and leases.
- Helping clients with all phases of property acquisition, including registration, tax payment, accounting and reporting, maintenance, etc.
- Interviewing tenants about their preferences and budget and taking care of complaints.
- Educating buyers and sellers with all housing market aspects to ensure the awareness of the deal’s specifics and prevent misunderstandings.
- Creating financial performance reports for properties.
- Following and monitoring market trends and property values to stay up-to-date to help clients make informed decisions about the buying, selling and renting properties.
- Bringing in new tenants through promotion, property viewings, and referrals.
- Conducting open houses viewing and property tours.
In general, each company points out the responsibilities of a real estate agent. The job description will help you write an appropriate resume. However, it is best to leave this work to professionals to place your skills and achievements correctly. ResumeEdge has quite a lot of experience in resume writing, so you can always ask us for advice.
Real Estate Agent Requirements
Each real estate company has clear criteria concerning its future employees. After all, this is a great responsibility, as you will be negotiating with clients every day. Each state has different requirements, but each one has clear demands for:
- Age
- Education (meaning your General Educational Development or high school diploma)
- Providing all information about the courses you have taken
- The company will also want to ensure that you are constantly learning and improving your skills
- Passing your license exam
- Activating your real estate agent license
- It is also crucial to know that the company will want to find out about your background and check your criminal history.
Real Estate Agent Skills & Proficiencies
The profession is in demand. Therefore, there are quite a lot of competitors. For a successful career, you must first be able to represent yourself. You must have some marketing skills to stand out and be seen as an expert. It is necessary to use maximum resources. Create a blog, commercial, or flyers. Your goal is for as many people as possible to know you.
- Leadership
Be a leader and create connections. As trite as it may sound, you must establish yourself as a reliable person. You need to be confident enough so your clients could trust you and you can lead them to their property choice.
- Networking
A property manager needs to communicate a lot and networking skill is absolutely necessary for that. The base of connections and acquaintances is the main thing in your career. Little by little, from relatives and friends, you will get to know more and more people to create your networking base. You must also be ready to negotiate and identify what is vital for the client.
- Relevant Legal Knowledge
Knowledge of the real estate market is essential in this profession. By evaluating prices in the general market, you can set an acceptable, affordable price. Thus, it will satisfy both the buyer and the seller. A property manager also must have a solid understanding of real estate and applicable landlord-tenant laws.
- Management and organization skills
Each person is your perspective. At some point, everyone needs to buy, rent, or sell a home. Your every day will consist of searching for potential clients, and it is necessary to have the ability to organize your workflow. Property managers are in charge of keeping track of all the assets they manage, as well as communicating with renters and overseeing maintenance. They may also be in charge of showing prospective tenants around the property. Strong organizational skills can assist you in keeping track of your tasks and managing your responsibilities more effectively.
- Basic building understanding
Understanding how buildings work can help you conduct thorough and well-documented inspections as a property manager. It can also assist you in identifying potential maintenance issues and responding to tenant concerns.
- Time management
Effective time management can help you avoid stress, complete tasks more efficiently, and respond to renters’ ongoing needs.
- Photo and video skills
It can be a bonus for a property manager to take photos and descriptions of the property. The right angle and choice of words can attract more customers than non-professional photos. Also, make sure you show absolutely everything to the client. When meeting and inspecting housing, you should tell about all the advantages of the selected apartment.
Real Estate Agent Salary Expectations
The real estate manager receives a commission. The commission is a percentage of the sale of housing. The job description may indicate exactly how much you can get from each sale. The total commission proceeds are divided between the broker/company and the real estate agent.
The salary of a real estate agent is directly related to the amount of time spent on the career. And to be more precise, it all depends on the number of customers. Your hard work will be better rewarded.
Real estate agents were making roughly $41,000 a year in 2019, according to Forbes. However, 2019 was not a profitable year as there were quite a few requests. Now, according to Indeed, real estate agents make an average of $86,000 a year.
Bottom Line
A real estate agent has many tasks, but it is quite a lucrative position that will allow you to earn quite a lot. That is why it is essential to have a professional resume that will show you as the best candidate for the position.
