real estate agent

Real estate agents administer the sales or letting process of residential, commercial properties or land on behalf of their clients. They investigate the property's condition and assess its value in order to offer the best price to their clients. They negotiate, compose a sales contract or a rental contract and liaise with third parties in order to realize the stated objectives during transactions. They undertake research to determine the legality of a property sale before it is sold and make sure the transaction is not subject to any disputes or restrictions.

Alternative Labels

apartment rental agent

apartment rental agents

associate real estate broker

associate real estate brokers

commercial building rental agent

commercial building rental agents

commercial real estate agent

commercial real estate agents

commercial real estate salesperson

commercial real estate salespersons

estate agent

estate agents

estate managers

letting agent

letting agents

lettings agent

lettings agents

property agent

property agents

property rental agent

property rental agents

real estage agent mediator

real estage agent mediators

real estate agent

real estate broker

real estate brokers

real estate dealer

real estate dealers

real estate rental agent

real estate rental agents

real estate sales agent

real estate sales agents

real estate salesperson

real estate salespersons

real estate sales representative

real estate sales representatives

realtor

realtors

residential real estate agent

residential real estate agents

title examiner

title examiners

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Narrower occupations

- letting agent

- real estate investor

Skills & Competences

Essential Skills and Competences

advise on property value compare property values identify customer's needs inform on renting agreements liaise with property owners maintain financial records maintain relationship with customers manage contracts obtain financial information perform property market research prepare real estate contract prospect new customers provide information on properties value properties

Essential Knowledge

contract law customer service mortgage loans office administration property law real estate market

Optional Skills and Competences

advise on investment analyse insurance needs analyse loans assist in loan applications attend trade fairs collect property financial information consult credit score create a financial plan estimate profitability examine credit ratings examine mortgage loan documents examine the conditions of buildings handle tenant changeover liaise with advertising agencies liaise with local authorities manage contract disputes monitor title procedures negotiate with property owners organise a damage assessment organise property viewing perform contract compliance audits plan buildings maintenance work prepare inventory of properties prepare sales checks process payments protect client interests review closing procedures write inspection reports

Optional Knowledge

accounting techniques advertising techniques building codes building construction principles concurrent estate energy performance of buildings modern portfolio theory types of insurance virtual reality

Concept URI

Concept Uri

http://data.europa.eu/esco/occupation/8ec8df02-e9dd-43b7-b416-5846ae0414ab

Status

released

Occupations