What are the tasks and responsibilities Real Estate Agents have?
I am a high school senior wanting to become a real estate agent. I wanted to know an in depth what the responsibilities and tasks are so I could maybe prepare myself before actually becoming a real estate agent.
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If you're 18, have no felony convictions, then you can take the courses and test necessary to be a Realtor. The courses and the test cost $, and there are all sorts of costs associated with the business before and after you are a Realtor. Having your own car, business cards, signs, membership fees, etc., are all things that you will pay. You will have no benefits (like health or dental insurance).
So your first responsibility will be to secure enough savings to be a realtor. Also you'll need to save enough to live on for at least 6 months until you begin selling property (unless you sell something, you don't get paid). It may be a good idea to have other sources of cash flow. Then Join a Brokerage. Some cost more than others: My experience is that you get back what you pay.
Once you're financially stable, then you make a list of everyone you know, and everyone they know, and you advertise yourself as a realtor. A responsible brokerage will guide you through the transactional process. Its pretty simple after the first couple of times, and basically involves choosing the correct forms and filling them out in time.
Scott recommends the following next steps:
- Graduate from HS with excellent grades
I see that you have some good answers already but I can add some advice. You really need to learn the market you will be working in. Learn property values in different neighborhoods and ratings of different schools. Also find a good mentor be patient at first. Be willing to work weekends. Most realtors make little to no income in the first 6 months.
Real estate agents have many responsibilities, depending on whether you are listing or selling a property. The most important reponsibility of a real estate agent is to always have your client best interest at heart. As a real estate agent, you may need to completed "brokers price opinion" to come up with a realistic value to either sell or sell a home for a client.
Hi. There is a lot more to real estate than just looking at homes. You are helping someone or a family making what will probably be the largest financial decision of their life. You often have to work with their banks and/or lender to match what is financially possible and responsible with what the buyers truly want. You need to know what is available in all markets, know specifics on neighborhoods and the quality of construction materials.
Develop a sales price and then a specific plan to assist your client in the sale of their home
Hi- Real Estate is a dynamic field, as an agent you may be engaged in any number of activities in the course of a day. These would include phone duty where you answer incoming calls at the office ( these are potential buyer and seller leads), marketing, researching properties, and of course showing properties to potential buyers. You would also partner with other professionals in lending and title to close transactions. As an agent you represent buyers and sellers in extremely important transactions so empathy and people skills are a must. It’s a great field- best of luck to you!