Real Estate Agent

Filed Under »
Dictionary Says

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 Says

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 Definitions

  • Real Estate

    Land plus anything permanently fixed to it, including buildings, sheds and other items attached to the structure. Although, media often refers to the "real estate market" from the ...
    Read More »
  • Realtor

    In the United States a designation used to describe a member of the National Association of Realtors (NAR).
    Read More »
  • Curb Appeal

    The general attractiveness of a house or other piece of property from the sidewalk. This term is often used by Realtors trying to sell or evaluate a piece of property.
    Read More »
    • Mortgage

      A debt instrument that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are ...
      Read More »
    • House Poor

      A situation that describes a person who spends a large proportion of his or her total income on home ownership, including mortgage payments, property taxes, maintenance and utilities. ...
      Read More »
    • Housing Market Index

      An index of over 300 home builders, which shows the demand for new homes. The index runs from 0-100, so a rating of 50 would mean that demand for new homes was average.
      Read More »
    • Housing Starts

      The number of residential building construction projects that have begun during any particular month.
      Read More »
    • Finder's Fee

      A commission paid to an intermediary or the facilitator of a transaction. The finder's fee is rewarded because the intermediary discovered the deal and brought it forth to interested ...
      Read More »
    • Middleman

      A slang term for an intermediary in a transaction or process chain. A middleman will facilitate interaction between parties, typically for a commission or fee. Some critics say that ...
      Read More »
    • Open Listing

      A property listing that uses multiple real estate agents in order to sell it and get it off the market. With an open listing, the agent that sells the property collects the commission. ...
      Read More »

Articles Of Interest

Partner Links