In short, a real estate agent serves as a intermediary between home or property buyers and home or property sellers. A real estate agent operates by connecting together the two interested parties. Real estate agents make money by charging a commission for their service to the home/property seller. That’s the short answer.
- Manage rental properties.
- Connect renters with landlords who are renting.
- Do market research to determine value of homes in the area.
- Analyze the financial situation of potential buyers to better match them with available homes.
- Market listings for their clients.
- Manage and conduct open houses.
- Place homes for sale on listing services (known as MLS).
- Assist sellers, through advice or action, in prepping and staging their home.
- Prep all the necessary contracts and paperwork to negotiate home/property transactions.
- Facilitate with other parties like inspectors, escrow agents, and lenders.
There are many terms you may hear when it comes to who may represent you like “agent,” “broker,” or even “Realtor®.”
Difference Between Real Estate Agent, Real Estate Broker and Realtor®
“Anyone who earns a real estate license can be called a real estate agent, whether that license is as a sales professional, an associate broker or a broker. State requirements vary, but in all states you must take a minimum number of classes and pass a test to earn your license.”
“A person who has taken education beyond the agent level as required by state laws and has passed a broker’s license exam. Brokers can work alone or they can hire agents to work for them.”
A Realtor® is a broker/agent who is an active member of the National Association of Realtor, a real estate trade association.
Santa Fe Real Estate
If you need someone working on your behalf to buy or sell a home or property, then contact Darlene at 505.920.8001.