The average real estate agent works hard — and makes money — to help their
clients buy or sell homes and property. While you don’t have to work with a real
estate agent when buying or selling, your home transaction will likely go more
smoothly if you do. A good real estate agent can save you time, money and
headaches while navigating the complex process of a real estate transaction.
A real estate agent is a licensed professional who acts as an intermediary for home
buyers and sellers in the purchase or sale of property. Before earning their license,
an aspiring agent must complete pre-licensing courses and pass their state exam,
then join a real estate brokerage firm. Once an agent is licensed, they’re expected to
attend continuing education classes to stay current on industry changes and trends.
As a listing agent, a real estate agent works to market a home for sale by listing it on
the local multiple listing service (MLS) database, advertising, and hosting open
houses, among other strategies. It’s also an agent’s job to vet potential buyers. Not
everyone who shows interest in a home is ready to buy, so a real estate agent must
make sure that a buyer is qualified by running credit reports, conducting property
inspections and discussing financing options with the buyer. More info https://www.kcpropertyconnection.com/
When a home seller lists their home with an agent, they must agree on a
commission percentage. This amount is typically listed in the MLS listing for the
property, but it can be negotiated. Generally, the higher the listing price, the larger
the split. The standard commission is around 6% of the sale price.
During a home sale, an agent acts as a liaison between the buyer and seller,
managing specific legal actions such as drafting contracts and filing paperwork.
They’re also responsible for negotiating the price of the property and any associated
costs, like closing fees and home warranties. They communicate with both parties
throughout the process, and they may suggest a walk-through of the property before
closing to assess any damages.
When it comes to working with a buyer, an agent spends more of their time
identifying properties that fit their client’s needs. They’ll search the MLS, attend
open houses and conduct property tours to find homes in their clients’ desired
neighborhoods. They’ll share their findings with the client, offer opinions and advice,
and ultimately guide their clients through the entire home-buying process.
