A real estate agent is a license holder who represents seller and purchaser in the transactions of real estates. Most of this agents work for real estate realtor or broker; who are well trained and has got extra certificates. A real estate agent entirely works on commissions. Therefore their income depends on how well they can assist their clients and handles closed transactions.
Difference between an agent, broker, and realtor-
A real estate agent is also referred to as real estate associates. He passes all the required real estate classes and acquires a professional position with a license.
A real estate agent is a realtor when he is the member of the National Association of Realtors. To be a member an agent has to follow the code of ethics and abide by the standards of the association.
A real estate broker is someone who works as an independent agent and can also keep other agents at work under him.
What are the duties of a real estate agent?
The agent performs various duties depending who are he working for; seller or buyer. If he is working for a seller then he advises how to price a property for sale, gives last minute tips on how to boost the price and initiate a speedy sale. If he works for a buyer then he searches for properties to match buyer’s wish list and price range. To help the buyer, the agent looks for previous sale data to know the fair offer for a certain property.