Description
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.
EssentialOptional
Theoretical Knowledge
Practical Skills
provide information on propertiesprospect new customersidentify customer's needsmaintain financial recordsadvise on property valueliaise with property ownerscompare property valuesperform property market researchinform on renting agreementsmanage contractsobtain financial informationmaintain relationship with customersvalue propertiesprepare real estate contractexamine credit ratingsprepare inventory of propertiesreview closing proceduresperform contract compliance auditsanalyse insurance needsprotect client interestsnegotiate with property ownersexamine mortgage loan documentswrite inspection reportsattend trade fairsanalyse loansmonitor title procedureshandle tenant changeoverliaise with local authoritiesplan buildings maintenance workexamine the conditions of buildingscollect property financial informationadvise on investmentestimate profitabilityassist in loan applicationsprepare sales checksconsult credit scoreorganise property viewingprocess paymentsmanage contract disputesorganise a damage assessmentliaise with advertising agenciescreate a financial plan