What Should a Good Real Estate Agent Know?


A real estate agent, when performing his official duties, must know:

  • Normative legal acts, regulations,
  • Instructions, other guidelines and documents governing real estate transactions.
  • Real estate agencies and the types of services they provide.
  • Fundamentals of a market economy.
  • Rules for establishing business contacts.
  • Conditions of taxation of legal entities and individuals.
  • Organization of real estate transactions.
  • Rules and procedure for concluding contracts and preparing the necessary documents related to the purchase,
  • Sale and lease of real estate.
  • Methods of analysis and procedure for collecting.
  • Processing and transmitting information about the real estate market.
  • Real estate market conditions.
  • Basic requirements of standards.
  • Technical, quality and other characteristics for real estate objects.
  • The procedure for conducting inspections and methods for evaluating objects of purchase, sale and lease.
  • Valid price tags and price lists.
  • Organization of advertising work.
  • Techniques and methods of business communication.
  • Negotiation skills.
  • Fundamentals of land and housing legislation.
  • Fundamentals of economics, psychology and labor legislation.
  • Internal labor regulations;
  • Rules and regulations of labor protection.

Job Responsibilities of a Real Estate Agent

  1. Carries out work on buying, selling or renting real estate on behalf of and on behalf of clients.
  2. Gets information about the property for sale or lease and about the requirements of potential buyers or tenants.
  3. Studies supply and demand in the real estate market.
  4. Registers incoming proposals for the sale or lease of real estate objects conduct an introductory survey.
  5. In some cases, Manchester estate agents conclude exclusive contracts between the owners and the agency.
  6. Searches for potential buyers and tenants establish business contacts with them.
  7. Organizes familiarization of buyers or tenants with the sold or leased property.
  8. Draws up buyers’ orders, selects, or offers options for sales or renting.
  9. Coordinates the contractual terms, draws up real estate transactions.
  10. Assists clients in collecting the necessary documents and processing transactions.
  11. Ensures timely receipt of payment documents at the end of transactions.
  12. Informs clients about suitable offers received, advice on issues related to the characteristics of the considered real estate objects and the degree of their compliance with certain requirements.
  13. Organizes the signing of contracts for the sale or lease of real estate.
  14. Promotes the timely execution of documents necessary for clients to conclude a transaction, and ensures their safety.
  15. Represents the interests of clients when interacting with other specialists of the agency and other institutions involved in the execution of transactions.
  16. Draws up the established reporting on the work performed.

Rights of a real estate agent

The real estate agent has the right to:

  1. Submit proposals to the management:
  • To improve the work related to the obligations provided for in this instruction.
  • On the encouragement of distinguished workers subordinate to him.
  • On bringing to material and disciplinary responsibility of employees who have violated production and labor discipline.
  1. Request from the structural divisions and employees of the organization information necessary for him to perform his duties.
  2. To get acquainted with the documents defining his rights and obligations in the position held, the criteria for assessing the quality of the performance of official duties.
  3. To get acquainted with the draft decisions of the organization’s management concerning its activities.
  4. Require the management of the organization to provide assistance, including the provision of organizational and technical conditions and the execution of the established documents necessary for the performance of official duties.
  5. Other rights established by the current labor legislation.

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