Rent, buy, or sell property for clients. Perform duties, such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.
Daily tasks/Routine activities
1. Present purchase offers to sellers for consideration.
2. Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
3. Compare a property with similar properties that have recently sold to determine its competitive market price.
4. Advise clients on market conditions, prices, mortgages, legal requirements and related matters.
5. Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
6. Accompany buyers during visits to and inspections of property, advising them on the suitability and value of the homes they are visiting.
7. Prepare documents such as representation contracts, purchase agreements, closing statements, deeds and leases.
8. Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
9. Interview clients to determine what kinds of properties they are seeking.
10. Coordinate property closings, overseeing signing of documents and disbursement of funds.
11. Generate lists of properties that are compatible with buyers' needs and financial resources.
12. Contact property owners and advertise services to solicit property sales listings.
13. Arrange for title searches to determine whether clients have clear property titles.
14. Display commercial, industrial, agricultural, and residential properties to clients and explain their features.
15. Review property listings, trade journals, and relevant literature, and attend conventions, seminars, and staff and association meetings to remain knowledgeable about real estate markets.
These are the key knowledge areas a real estate manager needs to execute his/her duties effectively;
Sales and Marketing — Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.This enables agents to easily promote properties and approach clients.
Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Law and Government — Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
Clerical — Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Negotiation — Bringing others together and trying to reconcile differences.
Persuasion — Persuading others to change their minds or behavior.
Speaking — Talking to others to convey information effectively.
Coordination — Adjusting actions in relation to others' actions.
Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.This gives more clarity of the client's need for the task given.
Oral Expression — The ability to communicate information and ideas in speaking so others will understand.This gives clients and subordinates confidence in the service and the leaders as well.
Speech Clarity — The ability to speak clearly so others can understand you.It helps clients and team memebers get feedback and instructions given.
Speech Recognition — The ability to identify and understand the speech of another person.
Written Comprehension — The ability to read and understand information and ideas presented in writing.
Watch and Listen what the practioneers in your field are saying