Real Estate Agent Job Description: Top Duties and Qualifications

Last updated: June 22, 2022

A Real Estate Agent, or Property Consultant, is responsible for using their knowledge of local real estate markets to help individuals buy, sell or rent residential or commercial properties. Their duties include meeting with their clients to discuss their ideal property requirements and price points, overseeing open-houses for sellers and showing clients properties that align with their expectations.

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Real Estate Agent duties and responsibilities

An innovative and competent Real Estate Agent should be able to perform the role of intermediary between buyers and sellers. The following are more duties and responsibilities a Real Estate Agent should be able to execute:

  • Maintain a good relationship with lenders, appraisers, home inspectors and escrow companies
  • Prepare necessary paperwork such as closing statements, deeds, contracts, purchase agreements and leases 
  • Compile lists of real estate properties with details regarding their location, square footage and features
  • Promote sale of properties through open houses, engagement in multiple listing services and advertisements
  • Establish a network of mortgage lenders, contractors and legal attorneys to whom you can refer clients
  • Inspect condition of premises and organize for necessary maintenance or inform property owners of maintenance needs
  • Evaluate clients’ financial abilities and research properties within their buying power
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What does a Real Estate Agent do?

Real Estate Agents typically work for real estate agencies or realtor firms to help clients with their property needs. They work closely with other Real Estate Agents and Real Estate Brokers to identify new listings and negotiate buying or asking prices on behalf of their clients. Their job is to search on listing websites for properties with certain features or relative proximity to schools, workplaces or local attractions. They may also be responsible for writing buying or selling contracts and helping clients navigate financial resources.

Real Estate Agent skills and qualifications

Including a skills and qualifications category in your job description will help you attract a candidate who is capable of performing at the job. Here are some skills and qualifications you should consider including in your Real Estate Agent job description:

  • Excellent communication and interpersonal skills
  • Strong sales and negotiation skills to close deals
  • Ability to multitask, manage time and prioritize activities
  • Great organization skills to be able to create various scheduled, timelines and budgets
  • Ability to work independently when making important decisions
  • Great honesty and integrity skills
  • Outstanding computer skills for preparing presentations and drafting property sale documentations
  • Excellent presentation skills

Real Estate Agent salary expectations

A Real Estate Agent makes an average of $87,366 per year. Salary may depend on level of experience, education and the geographical location. 

Real Estate Agent education and training requirements

Academic qualifications and training prove that an individual is qualified and equipped with the knowledge to excel at the job. A Real Estate Agent should have at least a high school diploma or equivalent. They should also possess a bachelor’s degree in either business administration, marketing, advertising sales or promotions. Depending on a state’s requirements, a Real Estate Agent may have a real estate license or certification. Professional membership with a local or state association is an added advantage for a Real Estate Agent.

Real Estate Agent experience requirements

A Real Estate Agent’s experience requirements play an integral role in determining a candidate’s expertise at the job. Candidates should have experience working as a Real Estate Agent or in a similar role. They should have a track record of successfully closed deals. A Real Estate Agent should have experience with property management software. Experience at compiling and adhering to a strict budget is also a necessary requirement.

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Frequently asked questions about Real Estate Agents

 

What is the difference between a Real Estate Agent and a Realtor?

Realtors and Real Estate Agents complete almost identical job responsibilities by reviewing job listings and assisting clients in buying or selling properties. The main differences between a Real Estate Agent and a Realtor are seniority and qualifications that affect their job capabilities. For example, all Realtors are Real Estate Agents who have applied for and received approval for memberships with their local Realtor associations. They have at least a few years of experience working as real estate agents, and their knew qualifications give them the authority to work as self-employed individuals.

In contrast, Real Estate Agents have yet to obtain a Realtor qualification and therefore need to complete their work under the guidance of a real estate firm.

 

What are the daily duties of a Real Estate Agent?

On a typical day, a Real Estate Agent starts by checking their voicemail and email for missed messages from other Real Estate Agents or their clients. They review their schedule for the day and use the time they have in their office to check listings and schedule house tours. Throughout the day, Real Estate Agents travel with clients to different property locations to give them tours and provide them with information about the neighborhood or surrounding area. Once back at their office, they draft contracts and look for properties that align with their clients’ criteria.

 

What qualities make a good Real Estate Agent?

A good Real Estate Agent has a personable nature and a desire to help others. In combination with one another, these qualities allow Real Estate Agents to engage with clients in a positive manner and encourage client loyalty for their future real estate needs. Further, a good Real Estate Agent has a strong interest in local real estate and market trends, allowing them to provide clients with beneficial advice regarding their buying or selling needs.

 

Who does a Real Estate Agent report to?

A Real Estate Agent usually reports to a Realtor if they work for a realtor firm. They receive specific tasks or client assignments based on the Realtor’s schedule. Similarly, Real Estate Agents may report to a more Senior Real Estate Agent for career guidance. A Real Estate Agent also reports indirectly to their clients to meet their expectations and drive business.

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