Real Estate Agent Job Description, Snagajob

Real Estate Agent Job Description

WHAT DO REAL ESTATE AGENTS DO?

Real estate agents help people buy property, sell property, or rent property. This could be single family homes, land, condos, or businesses. If it has an address, a real estate agent was involved with the process.

The best real estate agents. Find them at Referz.com.

Real estate agents work with property buyers or sellers and help them navigate the complex nature of the property market. Agents talk with clients to find out what kind of property they want and what they are willing to sell or pay, and any specific amenities they are seeking. They work with a real estate broker to find properties that suit their client's needs.

Agents use websites and flyers to describe properties, work with photographers to take pictures of the property, or may take the pictures themseves. Real estate agents often work nights and weekends, showing properties to customers, setting up open houses of properties on the market, advertising themselves and homes for sale. When the sale is pending, real estate agents work with the other party's agent to offer and counteroffer bids on the property.

Find the best real estate agents. Free service. Personal recommendations.

Real estate agents know the markets they work in, the hot neighborhoods, the ones in flux, and the ones that are expensive or on the rise. They are able to answer client questions and concerns about things like school districts, zoning, expansion and others.

HOW MUCH DO REAL ESTATE AGENTS MAKE?

According to the Bureau of Labor Statistics (BLS), real estate brokers and sales agents made a median hourly income of $20.52, or $42,680 a year in 2010.

WHAT ARE THE EDUCATION REQUIREMENTS?

You'll need at least a high school diploma to get started as a real estate agent. Agents and brokers must also get licenses from the state in which they work. Licenses are achieved through completing a certain number of hours of real estate coursework. These numbers vary by state.

JOB SKILLS AND REQUIREMENTS

• Independence: Real estate agents must manage their own time and schedules, making sure they are hustling to get the word out about properties and find the information their clients need.


• Interpersonal Skills: Agents work with clients and customers face-to-face on a daily basis. Listening to their needs and communicating effectively and pleasantly is a needed skill.


• Persuasion: Skilled real estate agents are good at convincing clients to buy and sell properties at the right price, and use persuasion to close deals.


• Problem-Solving Skills: Real estate agents need to quickly find answers to their client's questions. This also includes being a mediator between sellers and buyers.

THE FUTURE OF REAL ESTATE AGENTS

The housing market is beginning to turn around, and real estate agent jobs will grow moderately between 2010 and 2020, about 11%, according to the BLS.

Work less. Earn more. Real estate agents earn referral fees at Referz.com.

Connecticut Homes & Apartments For Rent - Coldwell Banker

Connecticut Rentals

Find apartments, condos, townhomes, and homes for rent in Connecticut.

The best real estate agents. Find them at Referz.com.

Top Connecticut Rental Cities

Top Connecticut Rental Counties

Browse Connecticut Cities by Letter

• a


• b


• c


• d


• e


• f


• g


• h


• i


• j


• k


• l


• m


• n


• o


• p


• q


• r


• s


• t


• u


• v


• w


• x


• y


• z

Quick Links

Real estate agents affiliated with Coldwell Banker are independent contractor sales associates and are not employees of Coldwell Banker.

© 2018 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Find the best real estate agents. Free service. Personal recommendations.

Work less. Earn more. Real estate agents earn referral fees at Referz.com.

The best real estate agents. Find them at Referz.com.

Real Estate Agent Commissions Structure and Compensation

In this profile of real estate agent commissions, I explained the basic compensation model used for most real estate brokerages, and for most of the history of the business. The basic model hasn't changed in format at all:

• Using an example deal with a home sold for $200,000 and a 5.5% example commission agreed to by seller with the listing broker


• $200,000 X .055 = $11,000 full commission.


• Assuming no referral fee payouts and a 50% split offered in the MLS, the listing broker keeps 50%, or $5500.

Find the best real estate agents. Free service. Personal recommendations.

• The same situation would mean that the broker on the buyer side would get $5500.


• Splits between brokers and agents vary a lot, but assuming a commonly used 50% number, agents at the two brokerages would get half the commissions, or $2750 each.

The example is the basic and simple approach and still used with varying split percentages by the vast majority of real estate brokerages. The split offered in the MLS, meaning the percentage the listing broker will share with the brokerage bringing the buyer, is pretty uniform at 50%. But, the splits at brokerages between the broker and the agent are highly variable, and can be set up in a number of ways:

• Newer agents might be given smaller percentages to offset greater help they need in getting deals to closing.


• Top producers often can negotiate larger splits for themselves, including splits up to 90% in some cases.


• Especially with the top producers, there may be negotiated higher splits in return for less advertising or fewer support services provided by the brokerage.

• 100% commission models offer the agent all of the commission in exchange for monthly fees for desk space, advertising and other services.


• Tiered split structures offer lower splits until a certain dollar amount in commissions is reached, then the split to the agent increases, sometimes jumping to 100% immediately.

As independent contractors in the commissioned sales business model, the agent handles their own accounting and business, though the brokerage may pay to advertise agent listings or split ad costs depending on the independent contractor agreement with the agent. While this is by far the model most used in the business, it has its critics. Criticism frequently centers around the lack of training and money spent by brokerages for agent development. It's a business model that makes it relatively inexpensive for a brokerage to take on newly licensed agents, letting them make or break in the business with little cost to the broker. Those who criticize this model also state that this lack of financial support and limited expense for training leaves new agents focused heavily on getting a deal and a commission, and less on learning more and serving clients better.

The Internet has opened up the information box for real estate, with plenty of sites where consumers can search for listed properties. The Internet user can also locate discount real estate brokerages offering everything from straight discounts to rebates for sellers and buyers. Of course, this increased competition creates downward pressure on commissions, and some companies have begun to offer salaried positions to agents.

Salaries can be a straight dollar amount, or there can be incentives for customer satisfaction, usually verified by some kind of customer survey after the transaction closes. Other brokerages offer base salaries and a small bonus from each closing. These compensation models tend to help the real estate professional to develop a more consumer-focused service attitude, as there is less pressure to get a deal and commission to keep the home bills paid. Of course, the broker needs deep enough pockets to pay salaries through slower business periods. And, there will be more pressure from the broker to get deals into the pipeline, as money is going out every month for a salary.

There is a "consulting" business model out there, but it has struggled to gain a foothold in the marketplace. One reason is that an agent must have the approval of the broker to engage in services for flat fees or hourly compensation.

It may be against some state rules, but it is more about it being tough for an agent to get a broker to agree to this model unless the agent is already successful. The consulting business model is more prevalent in brokerages with just one owner/practitioner. Or, the owner uses this model, and is willing to take on agents and base the brokerage business on consulting and innovative consumer pricing models.

For the new agent, or someone looking at real estate as a career, it's still pretty much a commission ballgame. Success generally requires some money put aside to pay household bills during the period when the business is being learned and the deals are few and far between.

Work less. Earn more. Real estate agents earn referral fees at Referz.com.

ECommission, The Best Commission Advance Company for Real Estate Agents and Brokers

Get paid your real estate commissions before closing

Apply in minutes. Get up to $15,000. Funding in one hour.

The best real estate agents. Find them at Referz.com.

Our Valuable Service

Learn why Barbara believes eCommission is a valuable tool for real estate professionals.

Our Alliances

Find the best real estate agents. Free service. Personal recommendations.

eCommission is the official supplier to the most successful real estate organizations.

Financial Success in Real Estate

Watch Barbara Corcoran explain how she dealt with cash flow ups and downs as a real estate professional.

From start to finish, the eCommission process for advancing your commissions is fast and confidential. To qualify, you will need the following:

• • An active real estate license


• • A pending sale closing within 120 days


• • Escrow file opened


• • A valid bank account

1. Submit application online in minutes.

3. Funds wired in 1 business day.

2. Receive agreement for you and your broker to approve.

2. Receive agreement for you and your broker to approve.

3. Funds wired in 1 business day.

4. Advance repaid directly to eCommission at closing.

Commission Advance Estimator

New customers receive 30% off!

• New customers receive 30% off with code NEW30


• Example is based on an agent transaction closing within 40 days


• Advances closing beyond 40 days, or advances to managing brokers/owners will be subject to an additional fee


• There is no upfront fee to use this service (fee is paid automatically at closing)


• There is a 20-day grace period from the closing date to have the advance repaid without incurring additional fees


• Advance limits vary based on sales production and/or license designation

On average, 90% of single family residential sales close as expected. In those rare instances when a sale falls through, simply replace the advance using future earned commissions.

Your fees are tax deductible!

11612 Bee Caves Road, Building II, Suite 200 Austin, Texas 78738

Hours of Operation: Monday-Friday 9:00am-6:00pm CT

Work less. Earn more. Real estate agents earn referral fees at Referz.com.

Pink Realty, Colorado Realtors, Home Search

The best real estate agents. Find them at Referz.com.

No One Sells More Homes in Colorado

Colorado's top real estate agent since 2013.

Put our experience to work for you.

Colorado Springs, CO 80906

Find the best real estate agents. Free service. Personal recommendations.

Colorado Springs, CO 80918

Colorado Springs, CO 80927

Calhan, CO 80808

Fountain, CO 80817

Colorado Springs, CO 80925

Colorado Springs, CO 80911

Colorado Springs, CO 80915

Manitou Springs, CO 80829

Colorado Springs, CO 80908

Colorado Springs, CO 80908

Baths 2621 – 3721

Baths 3618 – 3618

Baths 1590 – 1590

Baths 1414 – 1414

List your Home with the #1 Real Estate agent in the State of Colorado as seen in the Wall Street Journal for Most Transactions.

Monica Breckenridge is the owner of Pink Realty and her team will make your listings stand out. We sell more houses because of our in-house marketing team and skilled negotiators to get you top dollar on your home. We invite you to learn more about us, our marketing plan, and our stellar team.

Search New Construction

Are you a builder? List your homes here.

Colorado Front Range Cities we Serve

Colorado Mountain Towns we Serve

Search by Your Lifestyle in Colorado

Search by Neighborhood in Colorado Springs

Why List With Pink?

Extensive Online Marketing

Team of Listing Specialists

3D Virtual Tours

EXPERIENCE

#4 Real Estate Agent Nationwide

#1 Real Estate Agent in Colorado

#1 in Customer Service Reviews

BBB Accredited Business

The Gazette's Best of the Springs 2016

The Independent's Best of the Springs 2016

GIVING BACK

I am a proud sponsor of local charities that help men and women in our region to get through some of life’s most difficult moments and financially challenging times. $86,538.92 donated since Feb 2010.

Don’t Just Take Our Word For It. See What Our Clients Have To Say

Monica and the Pink team are the best realtors imaginable!

We were set up with Terry Chevalier as our realtor and could not have asked for a better match! She spent countless hours with us- showing us houses, negotiating terms, and eventually leading us to our dream house! She even picked me up from the airport and drove me around while I searched for a house for my husband and myself.

We are military, so timing the buying of a house was extremely tricky. Thanks to Terry's flexibility and the support we received from Pink Realty, this whole process went smoothly and we just closed in our very first home!

The Value of a Home Buyer’s Agent

Get The Most From Your Biggest Investment

Buying a home is probably the most expensive purchase a person will make in his or her lifetime. When you consider the importance of this decision, the cost involved, and the complexity of the transaction, selecting the right real estate agent to represent you is one of the most important decisions you can make.

Why Buy With Pink?

KNOWLEDGE OF LOCAL MARKET

I became the top agent in Colorado Springs by knowing this market inside and out. I can help you find the perfect place to match your lifestyle and needs.

EXPERIENCED NEGOTIATOR

Over the years I have seen all of the tactics and I know what it takes to get the deal done. As your agent, I make your priorities my top priority.

LESS STRESS = MORE FUN

Let’s face it, buying a home can be a stressful experience. But it doesn’t have to be.

Our team will take care of the details so that you don’t have to, and I will be there to help you cut through the emotions and make a great decision for your future.

Ready to Make Your Move?

Use the form below to contact our office. To reach a specific agent, visit our team page.

Contact Us

Quick Links

Sellers

Office Information

2760 N. Academy Blvd, Ste 201

Colorado Springs, CO 80917

Call or Text: 719-393-7465 (PINK)

Copyright © 2018 · Pink Realty. All rights reserved.

Work less. Earn more. Real estate agents earn referral fees at Referz.com.

Compare Top Buying Agents, Buy Faster and for Less Money, HomeLight

Find the Perfect Buyer's Agent Today

The Biggest Financial Transaction of Your Life.

You deserve your dream home. At a price that won’t give you a nightmare.

For many of us, buying a home is the single biggest financial decision you will make in your life. You need a strategic advisor to walk you through the legal process, identify opportunities, and employ sophisticated negotiation tactics. An experienced buyer's agent can make this decision seamless, while placing you in the home of your dreams. Our solution at HomeLight allows you to search millions of buyer agent profiles to find the most experienced agent who will fit your needs.

The HomeLight Difference

HomeLight matches you with the top buyer's agents in your local neighborhood. We do this by analyzing over 15 million home transactions since 2009 to produce updated agent rankings based on objective data. Agents never pay us to be listed on our site, so we can be 100% unbiased. Our mission is to provide you, the home buyer, with the best possible agent who understands neighborhood price trends, availability, safety, and more.

Find the best real estate agents. Free service. Personal recommendations.

Top Agents on HomeLight have Deep Local Market Expertise.

On HomeLight, you can search for agents that have exactly the experience you need. Our proprietary matching algorithms target agents with hyperlocal expertise in your market of choice. Local market expertise can be essential when determining factors such as:

• Quality of school districts


• Crime and safety


• Most desirable neighborhoods/streets


• Recent price trends


• Access to exclusive pocket listings


• General sense of community

Top Agents on HomeLight Are The Best Negotiators.

The agents we recommend on HomeLight typically can save you thousands on your home purchase. These agents will be experts in your price point and understand how to gather comparables in your neighborhood, arming you with essential data for negotiation. Our matching engine is able to assess negotiation skill by evaluating factors such as listing price, actual selling price, neighborhood price trends, and more.

Search for the best buyer's agent in your local neighborhood.

Top Questions to Ask a Buyer’s Agent

We suggest that you interview at least 2 agents before settling on your final decision. Below are a recommended list of questions to ask any agent before engaging with them:

Actual Customer Testimonials

"Before finding HomeLight, we were lost and had no clue how to find a trustworthy agent. Now we are at ease, and the buying process is simple."

Santa Monica, CA

"My Realtor was great and knew exactly what he was doing. I won't recommend anyone else but him. Many, many thanks HomeLight!"

San Francisco, CA

What You Should Expect Out Of A Great Buyer's Agent.

The top buyer's agents don’t just bring you to homes you could have already found on top home search websites, they maximize your chances of finding the perfect home while staying within your desired budget. Use this checklist to ensure that your buying agent is doing their job:

• Brings recent knowledge and experience to help you navigate local market characteristics


• Acts as an evangelist and strategic advisor for you through the home buying process


• Prepares all required documentation and written offers


• Provides contacts with high quality home inspectors, title companies and other home services professionals


• Reviews various financing options


• Actively negotiates pricing on behalf of buyer


• Helps ensure the loan closes successfully

Ready to maximize your chance of getting the best prices from ideal buyer's agents?

Work less. Earn more. Real estate agents earn referral fees at Referz.com.
The best real estate agents. Find them at Referz.com.