Real Estate Agents
A real estate agent is an industry professional who takes and passes all required real estate classes, along with the real estate licensing exam in the state in which they intend to work. As the starting point for most of those going into the real estate field, it is the most encompassing of the titles. Agents are also referred to as real estate associates.
Agents are responsible for carrying offers and counteroffers between each party, along with any queries they may have. An agent will work with another agent once an offer is accepted, guiding clients through the process of filling in paperwork. They also make sure their clients are fully aware of any requirements to complete the sale including home inspections, moving, and important dates such as the closing.
How Agents Are Paid
Real estate agent work for brokers or agencies and are normally paid on a commission basis. This means they receive a percentage of the sale price of a property. So that means the higher the sale price, the higher the commission.