Search results
Terms in this set (51) A real estate sales agent may be employed by: their broker. A ____ occurs when a broker or their agent has a professional or personal bias which hinders their ability to fulfill the fiduciary duties owed to their client. conflict of interest. A _____ is sometimes referred to as a selling agent in real estate jargon.
Study with Quizlet and memorize flashcards containing terms like A real estate sales agent may be employed by:, As a prerequisite to an agent's use of an income and expense data worksheet, the agent asks a prospective broker:, A _____ occurs when a broker or their agent has a professional or personal bias which hinders their ability to fulfill the fiduciary duties owed to their client. and more.
People also ask
What does a real estate sales agent do?
What is a real estate professional?
How does a seller agent market a property?
What does a real estate broker do?
Study with Quizlet and memorize flashcards containing terms like 1. A real estate sales agent may be employed by: a. Any member of the public, b. His broker, c. Both a and b, d. Neither a nor b, 2. As a prerequisite to an agent's use of an income and expense data worksheet, the agent should ask a prospective broker: a. The price range of property the agent is most likely to list and sell, b ...
Nov 13, 2023 · A Realtor is a real estate agent who is a dues-paying member of the National Association of Realtors. NAR members are held to a high standard of professionalism and adhere to a strict code of ethics. Refinance. If a borrower takes out a new loan on the same property, it’s called a refinance.
- What A Real Estate Agent Does
- Real Estate Agent Compensation
- Real Estate Agent vs. Real Estate Broker
- Real Estate Agent vs. Realtor
- The Bottom Line
Real estate agentsusually specialize in either commercial or residential real estate. In either case, their duties largely depend on whether they work for the buyer or the seller. Agents who work for the seller, known as listing agents, advise clients on how to price the property and prepare it for sale. They commonly supply tips on last-minute imp...
Traditionally, agents were paid a percentage of the property’s sale price through commission. The more the house sells for, the more money the agent makes.However, payment arrangements for real estate agents are changing, with online listings allowing consumers to do much of the shopping on their own without help from an agent. Some brokerages char...
The distinctions between a real estate agent and a real estate broker vary across states.Generally speaking, anyone who earns a basic real estate license, which involves taking a certain number of accredited courses and passing an exam, is a real estate agent: a salesperson qualified to help consumers buy or sell property. A real estate broker is a...
Every real estate broker is or has been a real estate agent, but not every real estate agent is a broker. How do realtors fit into the equation? A realtor is a member of the National Association of Realtors (NAR), a trade association. Both agents and brokers can be realtors, along with property managers, appraisers, and other real estate industry p...
A state regulatory board authorizes a real estate agent to represent clients in property transactions, generally working under a licensed broker. Essential skills include communicating and reading other people for client interaction and deal negotiation, understanding local market trends, having knowledge of real estate law, being organized enough ...
Jan 23, 2024 · A real estate agent is a sales professional who helps individuals and companies sell, buy, rent, or lease property. The Association of Real Estate License Law Officials estimates that there are more than three million real estate agents in the United States who have an active real estate license while its database contains more than four ...
41-9022 Real Estate Sales Agents. Rent, buy, or sell property for clients. Perform duties such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer. National estimates for Real Estate Sales Agents.
