What Realtors Really Do!
Think you know what a real estate agent does on a daily basis? You might have to think again in order to correctly identify all the responsibilities on the shoulders of your REALTOR (a real estate agent who is a member of the National Board of Realtors). You most likely would be surprised—and impressed—to discover the wide range and long list of activities undertaken by your REALTOR in your pursuit of buying/selling a home.
A basic job description would include renting, and buying, and selling (oh, my!) real estate for clients, interviewing potential clients, previewing and showing property, discussing sales conditions, drawing up and presenting offers, holding open houses, and writing contracts—all the while meeting deadlines and hand-holding when necessary. Oh, but there is so much more for your REALTOR to do, including, but certainly not limited to, the following duties:
- Staying current with market trends in your area
- Analyzing comparables
- Exploring and evaluating mortgage options
- Finding buyers or properties for clients
- Scheduling appraisals
- Keeping up with changing federal/state laws and program
- Negotiating between parties
- Preparing MLS listings
- Promoting properties via ads, web sites, videos, and virtual tours
- Completing required courses, attending seminars, and the like
- Coordinating inspections, walk-throughs, and closings
- Arranging for title searches
But did you know that the National Association of Realtors awards grants to groups of state and local real estate associates who attempt to go above and beyond in promoting and expanding housing opportunities in their communities? These REALTORS work together to design and implement affordable housing programs and are thus eligible for the NAR grants twice a year. In addition, the NAR offers programs, training, and resources for these groups. Click here for details of the Housing Opportunity Program.
Remember, real estate doesn't sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner's contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally pre-screen and accompany qualified prospects through your property.
Courtesy of Huntsville AL Real Estate Broker Mike Manosky!