Real Estate Agent

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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.

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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. 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 >>
  3. 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 >>
  4. 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 >>
  5. 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 >>
  6. 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 >>
  7. 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 >>
  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 >>
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