Being a real estate agent is one of the stressful and demanding jobs out there. You need to have patience, passion and determination to achieve your goals. You also need to have the knowledge to close a sale in order for you to get a commission. Real estate agents are responsible for selling and buying a property. For those people who want to get into the real estate world, you have to prepare yourself physically and mentally.
Real estate agent can be a buyer’s agent or a seller’s agent. On the buyer’s side, the buyer will hire an agent once he has obtained proof of funds or pre-approval from the bank. The agent then will negotiate and do counter-offers with the seller’s agent. Once they have reached an agreement, escrow phase begins. Escrow closes once a new deed is recorded in the buyer’s name.
On the seller’s side, he’ll hire an agent (seller’s agent). After checking the title, property inspection, the agent will list the property in the MLS (Multiple Listing Services) and other listing sites. Once listed and there’s a buyer, he’ll negotiate with the buyer’s agent. Once they have reached an agreement, same thing will happen, escrow phase will happen and it will be closed once the title is under the buyer’s name.
These are what real estate agents do. They do a lot of paperworks and legwork just to close the transaction. Aside from that, agents are also responsible for administrative task such as completing, submitting and filing real estate documents. Schedule showings are also agent’s responsibility. They are also responsible for creating flyers. Data entry is also their field. They also do CMA or Comparative Marketing Analysis. There are agents who hire assistants to help them with their administrative task.
Real estate agents also does lead generation. They find clients, be it a seller or a buyer to get a commission.
Working with clients closely is their job as well. They need to have open communication with either the buyer or the seller and update them as to what is the progress already. They need to update the buyer if there is something that needs to be changed on the contract, or the seller if they are plenty of offers from buyer’s agents.
There are times that a real estate agent may have sleepless nights just to get his job done. Aside from physical and mental challenges, they really need to have keen eye for details as they are dealing with contract. They need to protect the rights of either the seller or the buyer.
All in all, real estate agents deserve a commendation or even a simple pat on the back if they were able to close a transaction aside from giving their commission. It is very really difficult. It may take weeks or months just to finish the transaction. A simple appreciation and recognition will really boost their morale.