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Essential Information About Real Estate Agents
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Real Estate Agents are the middlemen between the buyers and sellers of a property. They arrange for real estate transactions. They are licensed professionals who charge a commission like a percentage of the property’s purchase price. Their income depends on the fact that if the deal gets done. A recent survey conducted shows that most of the buyers look for a home online. However, 87% of people purchased real estate using a broker or a real estate agent. Real Estate Agent is becoming a potential business as more and more people are rapidly engaging in it.
Advantages
There are various reasons to become a real estate agent. It includes:
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- Real Estate Agents have the advantage of the flexibility to choose their own schedule. So, you can work as per your comfort zone. It is seen that most of the real estate agents opt to get into this business because they want a flexible schedule. Nowadays, time management is the biggest issue. Real estate agents make sure to attend their child’s parent’s teachers’ meetings or attend any important events.
- Real Estate Agents have a huge income. It is mainly because they are their own managers. There are no workers involved in this. So, whatever money you earn becomes your profit. Your position in the market and your management skills depend upon your income. The more time you dedicate to it, the better it will reap for you.
- Imagine making peoples’ dream come true by providing the real estate they want. From showing properties to the clients every day to becoming a part of some of the biggest moments of their lives, it becomes so challenging and motivating.
- Real Estate Agents have a great future ahead in the present market. If you are able to show your management skills really well, then it is going to be beneficial in the long run
Disadvantages
- Having a flexible schedule has its own problems. You might have to work on off days as most of the client meetings won’t match with your requirements. You might often need to work on days when you would want to skip it just to spend some time with the family.
- If you are having an off period or if your takeaway is less for any month then it might hamper your earnings. If you aren’t able to sell a property during a particular period, then you won’t be able to get a paycheck as most of your earnings depend on it.
- If you are working as a freelance real estate agent, then you must be highly motivated, even the slightest of lackadaisical attitude will make you lose clients and money.
- Buying and selling properties to another person is very stressful. You need to deal with a lot of problems. Working with people has its own rewards, but you require patience to deal with it.
Documents required to become a real estate agent
If you are willing to become a real estate agent, then it is important that you must get licensed and certified. You need to register yourself as a licensed real estate agent under Real Estate Agent (RERA). You require the following documents:
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- Identification card with your photograph and address being specified
- Photograph
- Registration proof
- Income Tax Return of the previous three years
- Rubber stamp
- Authenticated copies of all letterheads
How does it work?
Selling or buying a house has become an issue in today’s world, as there are no potential buyers and sellers for it. Real Estate Agents help you find the same. Having an agent who is loyal in their approach is necessary. Real estate agents look for the people who would actually be interested in making the purchase. Real estate agents get their income only the deal is finalized and done. Till the time the deal is not finalized, they don’t receive any income. In case you face difficulty in finding real estate agents then search online, ask for recommendations, check the NAR website or you may even look at current listings.
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