What does a Realtor do?
A realtor represents a real estate broker and helps clients buy, sell or rent properties for a portion of commission. They determine competitive market prices and compare properties in order to advise clients on relative information, like, market conditions and mortgages.
How to Become a Realtor
A realtor is expected to hold at least a high school diploma and must complete required real estate courses and pass a licensing exam. It is becoming more common for employers to hire candidates with college degrees or college courses to meet the challenge of a competitive market.
Some community colleges, colleges and universities offer courses in real estate in finance, business administration, economics and law and others offer certificate programs. This may lead to an associate’s or bachelor’s degree.
Job Description of a Realtor
Realtors provide details of property for listing or buying, such as, location, features, size and price. They advertise property and hold open houses and show renters or buyers the property of interest. He or she negotiates the sale between buyer and seller, ensures all terms of purchase are met and prepare all documents needed to finalize the transaction, like, purchase agreements, deeds and loyalty contracts.
A realtor should remain current on the real estate market and be familiar with local communities, like, schools, crime and shopping. They need to have knowledge of zoning, government programs, fair housing laws and financing options. They need business skills, interpersonal and organizational skills and problem solving abilities. The Bureau of Labor Statistics projects a 11 percent growth in 2012-2022 in this career field.