A real estate agent is someone who can help you to buy, rent, or sell your land, home, or any other building.
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What does a real estate agent do?
A real estate agent acts as an intermediary between the seller/landlord and the buyer/tenant. They must create and constantly replenish the real estate database and advertise it. They also conduct inspections, check the history of real estate transactions, and advise on all matters.
A real estate agent:
- Travels to objects and conducts real estate appraisal.
- Resolves conflict issues.
- If necessary, take a deposit.
- Sets up a contract.
How much does a real estate agent get?
A real estate agent can work in various fields, for example, buying and selling apartments, houses, long-term or daily rent, dealing with commercial real estate. In addition to their work area, the salary level will depend on the number of transactions, as real estate agents receive a percentage of the successfully closed contracts.
What skills does a real estate agent need?
A lot of people will surround you, so you must be friendly, proactive, determined, intelligent, and be able to listen and speak a lot. You must understand that you are dealing with sales, so it is vital that all real estate agents should have the ability to persuade and negotiate.
Professional qualities:
- Awareness of the real estate market – to be aware of current prices, demand, supply, etc.
- Skills in real estate valuation to correctly determine the value.
- Ability to enter into agreements.
- Ability to set up different types of contracts, so you should understand the documentation.
Becoming a real estate agent: 6 Pros and 6 Cons
Pros:
- Flexible work schedule – the number of meetings is regulated by the real estate agent.
- There is no need to be at the office all day.
- Excellent sales experience.
- New exciting and useful acquaintances.
- Special education is not required.
- Career opportunities. You can become a manager of a group of agents and become the head of your own agency.
Cons:
- There will be a small income at the start.
- A constant search for customers.
- Emotional costs due to working with people.
- You need to be in touch with the customers at all times.
- High responsibility when working with documents.
- Sometimes you have to travel from one end of the city to the other several times a day.
Where to study for a real estate agent?
There is no need to graduate from university or college to work as a real estate agent because there is no such specialty. You can graduate from the Faculty of Management, where they give you the knowledge of working with people. All the primary skills will have to be acquired in practice.
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How popular are real estate agents?
Real estate agents will always be in demand as the real estate market is growing. But it is worth noting that the competition among real estate agents is relatively high, so you need to be one of the big names in real estate before expecting large sums.