Real Estate Agent

AAA

DEFINITION of 'Real Estate Agent'

A person with a state/provincial license to represent a buyer or a seller in a real estate transaction in exchange for commission. Most agents work for a real estate broker or realtor.

INVESTOPEDIA EXPLAINS 'Real Estate Agent'

Real estate agents are the people you deal with face to face when buying or selling property. These are the people on the front lines of the real estate market and perform such tasks (amongst others) as showing homes to perspective buyers and negotiating transactions on behalf of their client. Real estate agents often work on a 100% commission basis, their income dependent upon their ability to find property suitable for their clients and closing transactions.

RELATED TERMS
  1. Real Estate

    Land plus anything on it, including buildings and natural resources.
  2. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  3. NAHB/Wells Fargo Housing Market ...

    An index based on a monthly survey of members belonging to the ...
  4. Curb Appeal

    The general attractiveness of a house or other piece of property ...
  5. Middleman

    A slang term for an intermediary in a transaction or process ...
  6. Finder's Fee

    A commission paid to an intermediary or the facilitator of a ...
RELATED FAQS
  1. Where do you get a real estate license?

    Becoming a real estate agent can be more complicated than you might think, as each state has its own laws and regulations ... Read Full Answer >>
  2. How do real estate agents market themselves?

    Social media is a leading way real estate agents in which market themselves and their properties to potential buyers and ... Read Full Answer >>
  3. What are the differences among a real estate agent, a broker and a realtor?

    Many people unfamiliar with the real estate industry use the terms real estate agent, broker and realtor interchangeably. ... Read Full Answer >>
  4. How can I tell when a real estate agent might be lying to me?

    Real estate agents are likely to lie or fudge the details about their own credentials, the value and condition of a property ... Read Full Answer >>
  5. Do real estate agents get paid hourly or by salary?

    A real estate agent receives compensation, called a commission, upon the sale of a property. The commission is based on a ... Read Full Answer >>
  6. How do real estate agents get listings?

    Real estate agents get listing agreements in a variety of different ways depending on their markets. A real estate agent ... Read Full Answer >>
  7. Which real estate agency is the best to work for?

    The real estate market varies widely from year-to-year and state-to-state, so deciding which company to work for and in what ... Read Full Answer >>
  8. How much money do real estate agents make?

    The U.S. Bureau of Labor Statistics estimates that real estate agents made an average salary of $53,140 and an hourly wage ... Read Full Answer >>
Related Articles
  1. Credit & Loans

    4 Steps To Attaining A Mortgage

    It starts with knowing your choices as well as your price range. We show you how to get there.
  2. Home & Auto

    7 Things To Consider Before Selling Your Own Home

    A "for sale" sign won't sell your house. Find out what it takes and whether you can do it all yourself.
  3. Home & Auto

    Top Tips For First-Time Home Buyers

    Follow this step-by-step guide to make your homeownership dreams a reality.
  4. Home & Auto

    Cut Commissions With "For Sale By Owner" Sales

    It takes a lot more work, but selling your home without a realtor can have benefits.
  5. Home & Auto

    Selling Your House? Avoid These Mistakes

    Don't put the sale of your home at risk by committing one of these dirty deeds.
  6. Home & Auto

    6 Tips For Selling Your Home Fast

    Find out what you can do to stand out from the competition and make your home an easy sell.
  7. Home & Auto

    6 Steps To Becoming A Real Estate Agent

    Take these steps seriously, and you'll have your first "sold" sign up with your savings account still intact.
  8. Home & Auto

    An Introduction To Buying A Condominium

    This real estate investment provides unique advantages - and challenges.
  9. Brokers

    Career Comparison: Real Estate Agent Or Mortgage Broker

    If you're considering one of these careers, this article is designed to help you make a logical choice between the two.
  10. Home & Auto

    10 Habits Of Highly Effective Real Estate Investors

    The best real estate investors all share these traits and practices.

You May Also Like

Hot Definitions
  1. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  2. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  3. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  4. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  5. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  6. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
Trading Center