A real estate agent can help you buy or sell your home. Top agents have a very good understanding of the things that drive sales in your particular market. Agents can become a licensed Realtor® through the National Association of Realtors.
Real estate agents often help buyers with:
Agents are on the frontline of the real estate market, showing homes to buyers and negotiating transactions on behalf of their clients. Most real estate agents work on a 100 percent commission basis, their income dependent upon their ability to close transactions.
Real estate brokers and their salesmen — commonly called real estate agents — assist sellers and buyers in selling and purchasing real estate. The big difference between a real estate agent and a real estate broker is that brokers are licensed to manage their own businesses and are not. But even though real estate agents work under a broker, their jobs are similar.
Agents and brokers help clients sell their homes as well as buy homes. Real estate brokers and agents have a “fiduciary” relationship with clients. A real estate broker owes his client fiduciary duties, those duties include care, confidentiality, loyalty, obedience, accounting and disclosure.
When acting as a seller’s agent with a signed contract (known as a listing agreement), they assist sellers marketing their properties for the highest possible price. When acting as a buyer’s agent, they assist the buyer in finding a home.
If the broker is helping both the buyer and seller, this is called dual agency. A broker that represents the seller has a fiduciary duty to the seller.
Real estate agents must be knowledgeable of the communities in their area, particularly in the facets that matter most to clients, including schools, safety, job opportunities, healthcare, and entertainment activities.
There are nearly one million realtors in the United States.