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Agency

Real estate agents are licensed professionals who represent buyers and sellers in real estate transactions. Most agents work for a real estate broker or Realtor who has additional training and extra certifications. Agents usually work completely on commission, so their income depends on their ability to assist clients and close transactions.

Agents perform different duties, depending on whether they work for the buyer or the seller. Agents who work for the seller advise clients on how to price the house and prepare it for sale, including providing tips on last-minute improvements that can boost the price or encourage a speedy sale. Seller agents market the property through listing services, networking and advertisements. Agents who work for the buyer search for available properties that match the buyer's price range and wish list. These agents often look at past sale data to help prospective buyers determine a fair offer for a particular property.