This post provides detailed information on the job description of a realtor, to help you learn what they do.
It also highlights the major requirements you may be expected to fulfill to be hired for the realtor role by most employers.
What Does a Realtor Do?
The job title called realtor is the same as real estate broker, or real estate agent, and it defines a person that acts as a middle man between sellers and buyers of real estate or real property.
The realtor job description entails finding sellers who want to sell, and buyers who want to buy.
In the United States, the realtor’s role was established in reference to the English common law of agency, with the realtor having a fiduciary relationship with his clients.
In the United Kingdom however, estate agent is the term used to describe anyone in this line of work, though there are significant differences between the actions and liabilities of estate agents, it all depends on each country.
Realtors or real estate agents assist sellers in marketing their property and help them sell it for the highest possible price with the best terms.
Realtors also assist buyers by helping them buy property for the lowest price under the best terms.
The real estate broker or realtor is to whoever he/she services as client, though the relationship can become very confusing because if the realtor is helping both the buyer and seller at the same time, it is called dual agency.
Traditionally, the broker represents the property owner, and has a fiduciary duty to him/her.
If the realtor suggests to the buyer that they will help them negotiate the best possible price, then it is said that the broker is practicing undisclosed dual agency, which is illegal and unethical in this line of work.
Realtors owe their clients fiduciary duties, among which are; confidentiality, care, loyalty, obedience, and disclosure.
They also owe their clients fair and honest dealing.
A real estate broker must request both the seller and buyer to sign a dual agency agreement in order to protect their license.
Realtor Job Description Example/Sample/Template
The kind of job description realtor are usually expected to execute for their employers is shown in the example below.
- Guiding and assisting sellers and buyers in the process of marketing and purchasing properties for the right price and under the best terms
- Determining clients’ needs and financial abilities to propose solutions that fit them
- Carrying out comparative market analysis to estimate properties’ value
- Displaying and marketing real properties to potential buyers
- Gathering and preparing necessary paperwork such as contracts, leases, deeds, and closing statements
- Keeping and maintaining accurate and up-to-date listings of available properties
- Building new networks and liaising with attorneys, mortgage lenders, and contractors
- Staying updated and knowledgeable about real estate markets and best practices
- Making plans to grow the business and increase market share
- Assisting realtor loan officers in maintaining client relationships
- Representing the company at various internal and external functions
- Abiding by state, regional, and national regulations for real estate transactions
- Might be required to attend meetings as necessary.
Realtor Requirements: Knowledge, Abilities, and Skills for Career Success
Listed below are important attributes most employers usually expect applicants for the post of realtor to possess:
- Good client service skills, since the role of a realtor requires him/her to understand what his/her clients are looking for in a home, work within their budget, and also be available throughout the entire sales process
- Excellent and thorough knowledge of the real estate market, since a realtor must be informed about current trends, average home prices, and neighborhoods within his/her sales territory
- Current certification of the Realtors Association
- A license as a realtor agent in his/her state
- Ability to communicate flawlessly, both verbally and in writing
- Ability to establish and maintain standard working environment
- Excellent negotiation skills, which enable him or her to arrive at agreeable sale terms and negotiate several elements during property sales processes
- Strong ability to work with computer applications like Word, Excel, Zip Forms, and other similar programs
- Ability to associate appropriately with other people, more than just giving and receiving instructions
- Ability to work cordially with co-workers and peers without exhibiting behavioral extremes
- Ability to respond well to feedback from a supervisor
- A minimum of High School Diploma and 2 years of experience in real estate sales.
Download realtor job description template (pdf).
Realtor Job Description for Resume
The duties, tasks, and responsibilities stated in the sample job description above can serve as good source of information in writing the job history or Professional Experience section of the realtor resume.
You can utilize the duties and responsibilities provided in the realtor job description sample above in making your resume’s Professional Experience if you have worked before or currently working as a realtor.
This will show to the employer that you have been effective in performing the realtor’s role, which can greatly enhance your chances of being hired for the new position that you are seeking.
See an example of a realtor resume here.
Conclusion
This post is helpful to individuals interested in the realtor career. They will learn all about the duties and responsibilities of a realtor, and then be able to decide if it’s the career they want to get into.
It is also useful to recruiters/employers who are looking to find competent and qualified individuals to hire for the realtor role in their companies.
They can apply the realtor job description template above in making a detailed description of the vacant position for their organizations.
