A real estate agent is a licensed professional who facilitates property transactions by connecting buyers and sellers and representing them during negotiations
. Their primary duties vary depending on whether they represent the buyer or the seller:
- For sellers (listing agents): They advise on pricing the property, suggest improvements to increase appeal or value, market the property through listings and advertising, arrange showings and open houses, and negotiate offers to get the best price
- For buyers (buyer’s agents): They search for properties that match the buyer’s criteria and budget, analyze comparable sales to help formulate realistic offers, arrange property viewings, and negotiate purchase terms on behalf of the buyer
Additional responsibilities include guiding clients through paperwork, coordinating inspections and appraisals, communicating with lenders, and managing the transaction process through to closing
. Real estate agents typically earn a commission based on the sale price of the property, incentivizing them to close deals effectively
. Agents also provide expert knowledge of local markets, including property values, neighborhood features, and schools, which helps clients make informed decisions
. Some agents may act as dual agents representing both buyer and seller, though this is regulated and illegal in some states due to conflict of interest concerns
. In summary, a real estate agent acts as a knowledgeable intermediary who facilitates buying or selling property by providing market expertise, marketing, negotiation, and transaction management services to their clients
