The real estate agency is a line of business that many people with upward, mobile and focused vision are venturing these days as an alternative source of income or, in some cases, their main source of income.
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The reason for this is not far-fetched. It is because investment in real estate has a high return on investment and investors can be sure that their investments will not be lost if everything remains the same.
Over the years, in countries like the United States, Canada and even Australia, the real estate sector of the economy has grown and newcomers to the business can testify that how lucrative you are investing in the real estate sector, whether as the actors principal or even as agents.
A very good example is Donald Trump, considered one of the richest men in the United States and, in fact, in the world.
What Is A Real Estate Agent?
We all hear about real estate agents, but do you really know who the real estate agent is and what is expected from him? This is a person or organization that is authorized to act as an agent for the sale of land or other real estate facilities.
The term originally referred to a person responsible for managing a land property, while those who were engaged in buying and selling homes were “Casa Agentes”, and those who sold land were “Tierra Agentes”.
In the 20th century, “Real Estate Agent” began to be used as a generic term. Real estate agent is roughly synonymous with the United States term Real Estate Broker.
In a broader sense, a real estate agent (or broker) is a person or company (as the case may be) that acts as an intermediary between sellers and buyers of real estate and tries to find sellers who want to sell and buyers who want to buy.
But according to investopedia.com, “Real estate agents are the people you deal with face to face when buying or selling property”.
These are the people who are on the front line of the real estate market and perform tasks (among others) such as showing homes to potential buyers and negotiating transactions on behalf of their clients.
Real estate agents often work at 100% commission and their income depends on their ability to find suitable properties for their clients and to close transactions.
Obligations Of A Real Estate Agent And His Job Description
Tasks basically include finding and connecting sellers and buyers of real estate products. It could be landed property or building. Other duties are:
- Rental
- Buy or sell for customers
- Study property listings
- Interview potential clients
- Accompany clients to the property site
- Discuss the conditions of sale
- Draw up real estate contracts
Tools/Equipment Used By Real Estate Agents
There are several tools that a real estate agent should have to help you if you want to do well in business. These tools are psychological/emotional and also physical. Psychological tools include:
- Ability to speak and convince potential clients
- Self-confidence
- A good investment in your wardrobe (appearance is important)
- A good understanding of real estate business and real estate market etc.
But most importantly, the physical tools will include tools like a good office space, internet-ready computers (and be sure to get backup drives for secure data as well, because computers can crash at any time).
In this sense, having a Carbonite.com account will be helpful. Just install the app on your system and anytime you are online, it automatically backs up and updates your files and can be viewed from other systems every time you log into your account.
You can also visit other online resources for more information.
Printers, fax machines, landlines and mobiles, professional cameras that can still help to take image/video of high resolution, video recording (although most current phones can do that) and very well designed business cards can prove beneficial for you.
Today, there are quite a few applications that a real estate agent can also take advantage of to improve performance and productivity that improve the agent’s bottom line. Some of these applications include (but are not limited to ) the following:
- The paperless agent
- DropBox
- Open Home Pro
- Trulia Zillow
- Google Apps for Business
- And many more
These applications have their different benefits for the real estate agent business. Some of them are free, while you have to pay a tab to obtain and use others.
If you are thinking about efficiency and effectiveness, you cannot minimize the use and usage of some, if not all, of these applications and other tools as mentioned here.
Using these tools is a safe way to keep you miles away from your competitors who don’t use them. Maybe because they don’t know they exist.
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