A Realtor is licensed to buy, sell, lease, and assist in the preparation and documentation for the purchase and sale of a specific type of real estate. Real estate is property consisting of the actual buildings and land on it, and its accompanying natural resources like water, minerals or plants; immovable property of that nature; or an interest in the purchase, repair, improvement, lease or sale of the same. In the United States, the term real estate refers to a tract of land typically used for residential purposes but may also be used for commercial or industrial development. The real estate market includes a wide variety of realty types including single-family residential properties, multi-unit buildings, office buildings, warehouses, retail stores, parks, malls, industrial parks and industrial developments.
As a realtor, you can help sellers obtain the best location to locate their home. You can help buyers locate homes that meet their criteria and that will fit their budget. You can provide housing professionals such as inspectors, architects, and builders to review a property and make an accurate evaluation as to whether or not it is a good candidate for purchase. Your goal as a realtor is to close the best deal for the seller, which means helping your client find the home that will satisfy their needs, budget, and meet zoning requirements. Realtors are very important to both the buyer and the seller when it comes to getting the most for their money when purchasing real estate.
Most real estate agents work on a commission basis, which means they get a portion (most likely 10% or less) of the potential price of any home sold. This percentage is often referred to as the Realtor's "take". Because the market for real estate is so competitive, it is important to work with top dollar realtors who are experienced, qualified, professional, and have a strong track record of excellent customer service. The more satisfied a client is with the services provided by their Realtor, the more likely they will be to make a purchase in the future.
In contrast, selling properties requires much more time, effort, training, and skill. In order to sell a house, a person must be highly organized; possess a flair for selling; understand the marketplace; have a marketing plan; understand financing; and most importantly be able to convince a potential buyer that it is in their best interest to purchase a home rather than a rental. Selling Real Estate requires much more than just a real estate license. It takes a combination of skill, know-how, education, marketing strategy, customer service, and the ability to judge what homes are best selling, and then knowing how to market those houses.
The term Real Estate Agent covers several different professions including realtors, brokers, property managers, and sellers. Real Estate Brokers does much of the work involved in selling a home, such as finding prospective buyers, preparing property forms, conducting market research, scheduling showings, and is coordinating paperwork. Property Managers help market the property by keeping it up to date on property taxes, inspections, repairs, and other services required to sell a house. On the other hand, Sellers are responsible for locating a buyer, preparing all necessary paperwork, handling negotiations, marketing the property, and eventually selling the home.
Although these real estate professionals perform many duties, the main responsibility of a Realtor is to find and list homes for sale. Therefore, they must attend open houses and show homes for sale, at which point they also answer questions and discuss the asking price. It is important that real estate professionals understand the difference between Real Estate Agent and Real Estate Broker and be able to differentiate between what is required in each situation. Check out this post for more details related to this article: https://en.wikipedia.org/wiki/Real_estate_broker.
