What does a licensed realtor do?
A real estate agent is responsible for helping a client sell, rent, or buy a property such as land, houses, and buildings according to what they want. They are the ones who give accurate guidance and advice to clients on how they can sell or promote their property in the market. Agents also work with clients to negotiate pricing. The real estate agent checks and sees to it that all documents and other information needed are furnished to ensure the seller's credibility and truthfulness.
Licensed realtor responsibilities
Here are examples of responsibilities from real licensed realtor resumes:
- Monitor and manage inventory of all outlying properties for inspections and listings, maintaining MLS for properties across the agency.
- Specialize in management, marketing, analysis, repairs and sale of REO properties.
- Conduct research and develop computer reports on MLS listings in order to create comparative reports and advertising for prospective transactions.
- Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
- Attend closings, review mortgage packages and HUD statements, negotiate unresolve disputes.
- Prepare preliminary HUD statements and all closing documents.
- Draft probate petition documents and administer probate estates.
Licensed realtor skills and personality traits
We calculated that 32% of Licensed Realtors are proficient in Residential Real Estate, Purchase Agreements, and Lead Generation. They’re also known for soft skills such as Business skills, Interpersonal skills, and Organizational skills.
We break down the percentage of Licensed Realtors that have these skills listed on their resume here:
- Residential Real Estate, 32%
Managed independent business as licensed professional Realtor focused on residential real estate transactions in East Bay of San Francisco Bay Area.
- Purchase Agreements, 9%
Negotiated purchase agreements while maintaining continuous and professional communication between buyers, sellers, lending and title institutions.
- Lead Generation, 6%
Specialized in condominium sales and rental homes * Marketing and lead generation o Network Administrator and Website Designer
- Real Estate Market, 5%
Represented sellers and buyers in their real estate marketing, decisions, and purchases Ohio President's Sales Club - 2005
- Sales Contracts, 5%
Monitor and maintain official records and reports including preparation of legal documents including listings and sales contracts.
- Property Inspections, 4%
Well established connection with local handy man/contractors and property inspection companies.
Common skills that a licensed realtor uses to do their job include "residential real estate," "purchase agreements," and "lead generation." You can find details on the most important licensed realtor responsibilities below.
Business skills. To carry out their duties, the most important skill for a licensed realtor to have is business skills. Their role and responsibilities require that "because most real estate brokers and sales agents are self-employed, they must be able to manage every aspect of their business, including billing and advertising." Licensed realtors often use business skills in their day-to-day job, as shown by this real resume: "manage all facets of real estate business with concentration in direct sales of condominiums, town homes and single-family homes. "
Interpersonal skills. Many licensed realtor duties rely on interpersonal skills. "real estate brokers and sales agents spend much of their time interacting with others, such as clients and contractors," so a licensed realtor will need this skill often in their role. This resume example is just one of many ways licensed realtor responsibilities rely on interpersonal skills: "demonstrated strong interpersonal and communication skills in developing and generating leads through use of telemarketing, internet advertising and cold calling strategies"
Organizational skills. This is an important skill for licensed realtors to perform their duties. For an example of how licensed realtor responsibilities depend on this skill, consider that "real estate brokers and sales agents must be able to manage their own time for planning and prioritizing their work." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a licensed realtor: "conducted and reviewed due diligence including title, survey and zoning materials and entity organizational and constituent documents. ".
Problem-solving skills. licensed realtor responsibilities often require "problem-solving skills." The duties that rely on this skill are shown by the fact that "real estate brokers and sales agents must be able to address concerns relating to a property." This resume example shows what licensed realtors do with problem-solving skills on a typical day: "provided unmatched solutions in the real estate marketplace, serving baton rouge and adjoining parishes. "
The three companies that hire the most licensed realtors are:
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2 licensed realtors jobs
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Compare different licensed realtors
Licensed realtor vs. Home agent
Home Agents are responsible for negotiating the letting and sales of residential home properties through liaising with clients, property professionals, and solicitors. Their duties include gathering property information, reaching out to sellers about the property, estimating property value, and marketing properties for sale. They represent sellers in the negotiation process and liaise with stakeholders, advise prospective buyers, and reach acceptable prices. Homes Agents in the letting space will do credit checks for tenants, draft tenancy agreements, organize rent payment schedules, and resolve property issues.
There are some key differences in the responsibilities of each position. For example, licensed realtor responsibilities require skills like "residential real estate," "purchase agreements," "lead generation," and "real estate market." Meanwhile a typical home agent has skills in areas such as "customer service," "inbound calls," "windows," and "outbound calls." This difference in skills reveals the differences in what each career does.
Home agents tend to reach similar levels of education than licensed realtors. In fact, home agents are 4.4% less likely to graduate with a Master's Degree and 0.4% less likely to have a Doctoral Degree.Licensed realtor vs. Leasing associate
The leasing associates assist in processing lease applications, visiting and marketing properties, and staying up-to-date on market activity. Typically, they check potential resident applications and review lease agreements for accuracy, collaborate with the property management in charge to screen residences, and ensure a good living environment. Moreover, part of the job is to communicate with current and future residents about newly implemented policies and procedures, including all aspects of the subject properties.
Each career also uses different skills, according to real licensed realtor resumes. While licensed realtor responsibilities can utilize skills like "residential real estate," "purchase agreements," "lead generation," and "real estate market," leasing associates use skills like "customer service," "pet," "real estate," and "yardi."
Leasing associates may earn a lower salary than licensed realtors, but leasing associates earn the most pay in the hospitality industry with an average salary of $32,169. On the other hand, licensed realtors receive higher pay in the real estate industry, where they earn an average salary of $37,249.Average education levels between the two professions vary. Leasing associates tend to reach similar levels of education than licensed realtors. In fact, they're 2.9% less likely to graduate with a Master's Degree and 0.4% less likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for licensed realtors in the next 3-5 years?
Dr. Jessica Lautz
Vice President of Demographics and Behavioral Insights, National Association of Realtors
Licensed realtor vs. Associate broker
An Associate Broker demonstrates property to prospective homeowners and gives offers to sellers for consideration. Associate Brokers design real estate databases, maintain property data or blueprints and develop strategies for process improvement. They create MLS listings and establish and distribute advertising materials. Their job involves the incorporation of innovative marketing techniques like direct mail, print advertising, and intensive internet exposure. They also review and evaluate real estate transactions for quality control and accuracy.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a licensed realtor is likely to be skilled in "lead generation," "property inspections," "ethics," and "residential homes," while a typical associate broker is skilled in "excellent client," "business development," "renewal business," and "financial analysis."
Associate brokers earn the best pay in the finance industry, where they command an average salary of $104,854. Licensed realtors earn the highest pay from the real estate industry, with an average salary of $37,249.Most associate brokers achieve a similar degree level compared to licensed realtors. For example, they're 2.2% more likely to graduate with a Master's Degree, and 1.1% more likely to earn a Doctoral Degree.Licensed realtor vs. Sales and leasing consultant
Sales and leasing consultants are specialists in rental properties who interact with potential clients. They present houses, apartments, and other assets to clients persuasively. They assist residential landlords searching for tenants and promote unoccupied properties with various advertising and media techniques. The skills necessary for this job include taking criticism, being competitive, problem-solving, and being proactive and persistent. They should also be able to embrace technology and be well-informed.
Types of licensed realtor
Updated January 8, 2025
