{"id":26961,"date":"2019-07-08T10:18:31","date_gmt":"2019-07-08T14:18:31","guid":{"rendered":"https:\/\/bhgrealestateblog.com\/?p=26961"},"modified":"2024-12-30T11:03:39","modified_gmt":"2024-12-30T16:03:39","slug":"real-estate-agent-responsibilities","status":"publish","type":"post","link":"https:\/\/bhgrecareer.com\/bebetterblog\/real-estate-agent-responsibilities\/","title":{"rendered":"Defining Real Estate Agent Responsibilities to Buyers"},"content":{"rendered":"\n<p>In the home purchasing process,\nboth the seller and the buyer have an agent representing them and their\nparticular interests. Here we explore the real estate agent responsibilities to\nbuyers. Follow these tips to ensure that your clients will know what to expect\nfrom their real estate agent so that they can find a house of their\ndreams.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Understand the Current Market<\/h4>\n\n\n\n<p>Real estate agents tirelessly research the\nneighborhood and current market conditions. Agents should know local price\ntrends, basic real estate laws and zoning requirements, financing, insurance,\nand tax information, and how to negotiate a good deal. Savvy agents also\nrecognize the stresses that come with buying a home and have workable\nstrategies to alleviate this stress. Buyers should be able to ask agents about\nthe local amenities, real estate values, and what it take to get to closing.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Determine Client Needs and Wants<\/h4>\n\n\n\n<p>An agent schedules an initial meeting with potential\nbuyers to ascertain their needs and wants. Do they want to live in a bustling\nneighborhood near stores and businesses, or would they prefer a remote\nlocation? How many bedrooms and bathrooms do they need to be comfortable? And\nwants may include items such as a fireplace, swimming pools, and\nenergy-efficient appliances. Agents create a master list to search for homes\nthat closely meet the clients&#8217; criteria.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Discuss Financing<\/h4>\n\n\n\n<p>Top agents work with a team of other professionals\nwho can help facilitate almost any deal. Once an agent knows what the clients\nwant, they need to determine if they can afford it. Some clients are\npre-qualified for a mortgage before consulting with an agent. Others are\nlooking for help finding the right mortgage lender.\nProvide a list of potential lenders to help clients get pre-approved for a\nmortgage, so they know how much house they can afford.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Tour Available Properties<\/h4>\n\n\n\n<p>Once an agent knows what the clients are looking for\nand how much they can spend, it&#8217;s time to go house shopping. Agents should\nperuse the current listings and check to see if any houses will be going on the\nmarket soon. Appointments are scheduled at the convenience of the buyers and\nsellers. Successful agents try to be available anytime to accommodate their\nclients. Before touring the homes, print out the listings for the client to\nkeep track of each house they view. Encourage them to take photos and notes to\nremember their reactions to the property. Agents should focus on the features\nof each home, highlighting all the selling points during the tour.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Get Disclosures and Negotiate the Deal<\/h4>\n\n\n\n<p>A buyers agent obtains the necessary disclosures to\nmove forward with the deal. Any material defects should be disclosed to the\nbuyer. The agent verifies all home inspections are completed and reviewed by\nthe client. And they follow-up to check all repairs have been made, per the\nfindings of the inspectors. If problems arise, the agent negotiates the terms\nto get the best possible deal for the buyers. Agents remain in touch with the\nattorneys, lenders, and title company to ensure the documentation is complete\nso that a closing can be scheduled. Agents should be ready to answer any\nquestions the buyers have or refer them to someone who can.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Discuss the Commission and Dual Agency<\/h4>\n\n\n\n<p>Typically, the sellers pay the commission, which\nmakes the agent&#8217;s services free for the buyers. The listing agent markets the <a href=\"https:\/\/www.marthastewart.com\/1538545\/preparing-house-fast-sale-expert-tips\">property for the\nsellers<\/a> to\nattract qualified buyers. A buyers agent has clients who are ready to make an\noffer on the house. Usually, the commission is split between these two agents.\nMany buyers agents do not list properties, but some have their own listings. If\na client decides to purchase their agent&#8217;s listing, a dual agency situation\narises. The contract of sale should reflect the buyers are aware of dual agency\nand agree to it.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Confidentiality, Courtesy, Compliance, and\nCompletion<\/h4>\n\n\n\n<p>Agents are responsible for maintaining the\nconfidentiality of their client throughout all interactions. Clients should be\ntreated fairly and courteously at all times. Reputable agents comply with all\nlocal, state, and federal laws, and provide an accurate accounting of the funds\nreceived and disbursed. A hard-working agent is with the buyers every step of\nthe way, until the deal is negotiated, closed, and completed to ensure their\ntotal satisfaction. Better Homes and Gardens\u00ae Real Estate agents adhere to a\nset of core business values represented by the acronym <a href=\"https:\/\/bhgrealestateblog.com\/paige-our-core-business-values\/\">PAIGE<\/a> \u2013 Passion, Authenticity,\nInclusion, Growth, and Excellent. Ongoing <a href=\"https:\/\/greenhouse.bhgre.com\/content\/BHGRE\/en\/content\/learning\/learning-overview.html\">educational\nopportunities<\/a>\nmean these agents are well-versed in the latest strategies to help buyers find\na house they love.<\/p>\n\n\n\n<p>Defining real estate agent\nresponsibilities to buyers lets them know what to expect, which is\nparticularly reassuring for first-time buyers. Agents should help them find a house, secure financing, and get the best\npossible deal based on verifiable disclosures. When agents surpass their\nclients&#8217; expectations, they are building relationships that bring them more\nbusiness in the future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Better Homes and Gardens\u00ae Real Estate outlines the top real estate agent responsibilities to buyers who want to find a house of their dreams.<\/p>\n","protected":false},"author":181,"featured_media":26981,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,181],"tags":[1291,6521,34231,34971],"class_list":["post-26961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-service","category-real-estate","tag-agent-responsibilities","tag-buying","tag-real-estate-buyers","tag-real-estate-responsibilities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Agent Responsibilities | 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