Type in a career question:

What does a Realtor do?

1 Answer(s)
Top Answer
Talent.com talent.com
Answered February 22 2021
Career Expert at Talent.com
A Realtor's primary role is to complete any real estate transaction, which can be commercial, residential, or purchasing land. Realtors work directly for buyers and sellers and must have robust local knowledge about what the law dictates about the areas they cover. Realtors can work individually or as part of a team, and successful Realtors can make the sale in just about any circumstance.    
It is important to note that Realtors differ from Real Estate Agents because they are members of the National Association of Realtors (NAR). Anyone who owns this title has passed the exams and requirements involved in becoming a Realtor.   
Completing the transaction is the Realtor's goal, but there is plenty more going on behind the scenes when working. Realtors are in charge of making all property transactions as smooth as possible. Their roles are diverse according to each listing and each set of challenges that comes with it.    
Roles & Responsibilities for a Realtor 
  • Staging homes before potential buyers view them  
  • Scheduling and preparing open houses  
  • Advertising themselves to find more clients, manage their online reputation, and compete with other Realtors  
  • Checking in with their clients regularly  
  • Staying up to date on the local laws  
  • Researching properties in their area that are for sale and having a local market analysis   
  • Providing additional information about the property location (e.g., local taxes, schools, transit, ambiance, history from the last tenants, and more)  
  • A clear understanding about their clienteles budget, property size preference, neighborhood, and other features 
  • Coordinating visits to potential properties upon the client's request  
  • Being punctual with all parties involved, including the property owners and prospective clients  
  • Assisting in helping clients to secure a mortgage through a trusted source  
  • Negotiating with owners and buyers on the terms of the transaction  
  • Assisting with valuations and inspections to determine asking and closing prices   
  • Working closely with appraisers of the properties to ensure everything is aligned, which could include disputing low appraisals  
  • Negotiating repairs and translating inspection reports to their clients  
  • Putting in and closing offers as well as a final walk-through of sold properties  
  • Keeping transactions on track throughout the process  
  • Assisting with homeowners and the insurance or warranty that they may need  
  • Adding new properties to the market and keeping their listing data up to date