{"id":21750,"date":"2024-03-29T13:23:05","date_gmt":"2024-03-29T20:23:05","guid":{"rendered":"https:\/\/loftway.com\/?p=21750"},"modified":"2024-03-29T13:23:05","modified_gmt":"2024-03-29T20:23:05","slug":"what-is-to-be-a-real-estate-agent","status":"publish","type":"post","link":"https:\/\/loftway.com\/ja\/what-is-to-be-a-real-estate-agent\/","title":{"rendered":"\u4e0d\u52d5\u7523\u696d\u8005\u3068\u306f\u3069\u3046\u3044\u3046\u610f\u5473\u3067\u3059\u304b?"},"content":{"rendered":"

With the new settlement from NAR in the news, a lot of people have questions, and I think there is a lot of misinformation out there.<\/p>\n

A lot of people, not everyone, think it’s really easy to be an agent, and We are overpaid.<\/p>\n

It’s actually really hard, and 90% of realtors fail in the first year. The ones that are left are the good ones, and they do a lot.<\/p>\n

The below was shared by an agent on social media, and he gives you an idea of what it encompasses to be an agent. I hope it brings some clarity about this profession that is taken for granted sometimes.<\/p>\n

As a real estate professional, it’s been a little disturbing this past week to hear people speaking disparagingly about real estate agents. I’m not saying there are not some agents out there who don’t deserve it, but there are many of us, like myself, who are true professionals who genuinely care about our clients and assist people in opening and closing a chapter in their lives. I work 7 days a week, sometimes early morning to late at night, when I’m sick in bed (even once while in the hospital), on vacation, in the middle of the night for clients who are sometimes international, or any other time a client needs me. And I usually respond in minutes.\u00a0<\/em><\/div>\n
<\/div>\n
Here are some fun facts for the people who say we don’t do anything…<\/i><\/div>\n
<\/div>\n
The average FULL-TIME REALTOR\u2019s earnings last year was $31,900 @ 40+ hours a week. (Notice I wrote full-time 40+ hours, not 0-20 hours a week) which is well below the living wage. Realtors do not get paid an hourly wage or salary, and they only get paid if they sell a home and it closes. They can only get paid by broker to broker. As an agent, you could work with someone for days, weeks, months, or years with no guarantee of a sale ever.<\/em><\/div>\n
<\/div>\n
Essentially, they wake up each day unemployed, go on Job Interviews, and deal with constant rejection. They dedicate time away from family, use their time and gas, pay for babysitters, miss dinner and weekends, and rarely take vacations. They are on 24\/7! You constantly need to be on, or you could miss an opportunity. Once they do close a home, half goes to the other person’s agent, and the remaining half. They have lots of upfront expenses that must be paid out before they even get paid:<\/em><\/div>\n
<\/div>\n
Broker Splits and Fees<\/em><\/div>\n
Office rent and utilities<\/em><\/div>\n
MLS Fees<\/em><\/div>\n
NAR Fees<\/em><\/div>\n
Local Association Fees<\/em><\/div>\n
E&O Business Insurance<\/em><\/div>\n
Extended Auto Insurance<\/em><\/div>\n
Self-Employment Tax<\/em><\/div>\n
State Licensing Fees<\/em><\/div>\n
Advertising Fees<\/em><\/div>\n
Showing Service Fees<\/em><\/div>\n
Website Fees<\/em><\/div>\n
Assistant’s Salaries<\/em><\/div>\n
Showing partners<\/em><\/div>\n
Transaction Coordinator<\/em><\/div>\n
Yard Signs<\/em><\/div>\n
Photographers<\/em><\/div>\n
Videographers<\/em><\/div>\n
Office Supplies<\/em><\/div>\n
Business Cards<\/em><\/div>\n
Property Flyers<\/em><\/div>\n
Electronic Lockboxes<\/em><\/div>\n
Continued RE Education<\/em><\/div>\n
Legal Fees<\/em><\/div>\n
Gas<\/em><\/div>\n
Income taxes are not taken out, so they have to put around 33% aside.<\/em><\/div>\n
<\/div>\n
Don\u2019t forget health insurance if you don\u2019t have a spouse who provides it.<\/em><\/div>\n
<\/div>\n
As a listing agent, they have lots of tasks far more than just selling a home.<\/em><\/div>\n
<\/div>\n
1. Prepare Listing Presentation for Sellers<\/em><\/div>\n
2. Research Sellers Property Tax Info<\/em><\/div>\n
3. Research Comparable Sold Properties for Sellers<\/em><\/div>\n
4. Determine Average Days on the Market<\/em><\/div>\n
5. Gather Info From Sellers About Their Home<\/em><\/div>\n
6. Meet With Sellers at Their Home<\/em><\/div>\n
7. Get To Know Their Home<\/em><\/div>\n
8. Present Listing Presentation<\/em><\/div>\n
9. Advise on Repairs and\/or Upgrades<\/em><\/div>\n
10. Provide Home Seller To-Do Checklist<\/em><\/div>\n
11. Explain Current Market Conditions<\/em><\/div>\n
12. Discuss Seller\u2019s Goals<\/em><\/div>\n
13. Share Your Value Proposition<\/em><\/div>\n
14. Explain the Benefits of Your Brokerage<\/em><\/div>\n
15. Present Your Marketing Options<\/em><\/div>\n
16. Explain Video Marketing Strategies<\/em><\/div>\n
17. Demonstrate 3D Tour Marketing<\/em><\/div>\n
18. Explain Buyer & Seller Agency Relationships<\/em><\/div>\n
19. Describe the Buyer Pre-Screening Process<\/em><\/div>\n
20. Create an Internal File for Transaction<\/em><\/div>\n
21. Get the Listing Agreement & Disclosures Signed<\/em><\/div>\n
22. Provide Sellers Disclosure Form to Sellers<\/em><\/div>\n
23. Verify Interior Room Sizes<\/em><\/div>\n
24. Obtain Current Mortgage Loan Info<\/em><\/div>\n
25. Confirm Lot Size from County Tax Records<\/em><\/div>\n
26. Investigate Any Unrecorded Property Easements<\/em><\/div>\n
27. Establish Showing Instructions for Buyers<\/em><\/div>\n
28. Agree on Showing Times with Sellers<\/em><\/div>\n
29. Discuss Different Types of Buyer Financing<\/em><\/div>\n
30. Explain the Appraisal Process and Pitfalls<\/em><\/div>\n
31. Verify Home Owners Association Fees<\/em><\/div>\n
32. Obtain a Copy of HOA Bylaws<\/em><\/div>\n
33. Gather Transferable Warranties<\/em><\/div>\n
34. Determine Need for Lead-Based Paint Disclosure<\/em><\/div>\n
35. Verify Security System Ownership<\/em><\/div>\n
36. Discuss Video Recording Devices & Showings<\/em><\/div>\n
37. Determine Property Inclusions & Exclusions<\/em><\/div>\n
38. Agree on Repairs to Made Before Listing<\/em><\/div>\n
39. Schedule Staging Consultation<\/em><\/div>\n
40. Schedule House Cleaners<\/em><\/div>\n
41. Install Electronic Lockbox & Yard Sign<\/em><\/div>\n
42. Set-Up Photo\/Video Shoot<\/em><\/div>\n
43. Meet the Photographer at the Property<\/em><\/div>\n
44. Prepare a Home For the Photographer<\/em><\/div>\n
45. Schedule Drone & 3D Tour Shoot<\/em><\/div>\n
46. Get Seller\u2019s Approval of All Marketing Materials<\/em><\/div>\n
47. Input Property Listing Into The MLS<\/em><\/div>\n
48. Create a Virtual Tour Page<\/em><\/div>\n
49. Verify Listing Data on 3rd Party Websites<\/em><\/div>\n
50. Have Listing Proofread<\/em><\/div>\n
51. Create Property Flyer<\/em><\/div>\n
52. Have Extra Keys Made for the Lockbox<\/em><\/div>\n
53. Set-Up Showing Services<\/em><\/div>\n
54. Help Owners Coordinate Showings<\/em><\/div>\n
55. Gather Feedback After Each Showing<\/em><\/div>\n
56. Keep track of Showing Activity<\/em><\/div>\n
57. Update MLS Listing as Needed<\/em><\/div>\n
58. Schedule Weekly Update Calls with Seller<\/em><\/div>\n
59. Prepare \u201cNet Sheet\u201d For All Offers<\/em><\/div>\n
60. Present All Offers to Seller<\/em><\/div>\n
61. Obtain a Pre-Approval Letter from the Buyer\u2019s Agent<\/em><\/div>\n
62. Examine & Verify Buyer\u2019s Qualifications<\/em><\/div>\n
63. Examine & Verify Buyer\u2019s Lender<\/em><\/div>\n
64. Negotiate All Offers<\/em><\/div>\n
65. Once Under Contract, Send to the Title Company<\/em><\/div>\n
66. Check if the Buyer\u2019s Agent Has Received Copies<\/em><\/div>\n
67. Change Property Status in MLS<\/em><\/div>\n
68. Deliver Copies of the Contact\/Addendum to the Seller<\/em><\/div>\n
69. Keep Track of Copies for Office File<\/em><\/div>\n
70. Coordinate Inspections with Sellers<\/em><\/div>\n
71. Explain the Buyer\u2019s Inspection Objections to Seller<\/em><\/div>\n
72. Determine Seller\u2019s Inspection Resolution<\/em><\/div>\n
73. Get All Repair Agreements in Writing<\/em><\/div>\n
74. Refer Trustworthy Contractors to Sellers<\/em><\/div>\n
75. Meet the Appraiser at the Property<\/em><\/div>\n
76. Negotiate Any Unsatisfactory Appraisals<\/em><\/div>\n
77. Confirm Clear-to-Close<\/em><\/div>\n
78. Coordinate Closing Times & Location<\/em><\/div>\n
79. Verify Title Company Has All Docs<\/em><\/div>\n
80. Remind Sellers to Transfer Utilities<\/em><\/div>\n
81. Make Sure All Parties Are Notified of Closing Time<\/em><\/div>\n
82. Resolve Any Title Issues Before Closing<\/em><\/div>\n
83. Receive and Carefully Review Closing Docs<\/em><\/div>\n
84. Review Closing Figures With Seller<\/em><\/div>\n
85. Confirm Repairs Have Been Made<\/em><\/div>\n
86. Resolve Any Last Minute Issues<\/em><\/div>\n
87. Attend Seller\u2019s Closing<\/em><\/div>\n
88. Pick Up Sign & Lock Box<\/em><\/div>\n
89. Change Status in MLS to \u201cSold.\u201d<\/em><\/div>\n
90. Close Out the Seller\u2019s File With the Brokerage<\/em><\/div>\n
<\/div>\n
As buyers’ agents, they also have many tasks.<\/em><\/div>\n
\ufffc<\/em><\/div>\n
1. Schedule Time To Meet Buyers<\/em><\/div>\n
2. Prepare Buyers Guide & Presentation<\/em><\/div>\n
3. Meet Buyers and Discuss Their Goals<\/em><\/div>\n
4. Explain Buyer & Seller Agency Relationships<\/em><\/div>\n
5. Discuss Different Types of Financing Options<\/em><\/div>\n
6. Help Buyers Find a Mortgage Lender<\/em><\/div>\n
7. Obtain a Pre-Approval Letter from Their Lender<\/em><\/div>\n
8. Explain What You Do For Buyers As A Realtor<\/em><\/div>\n
9. Provide an Overview of Current Market Conditions<\/em><\/div>\n
10. Explain Your Company\u2019s Value to Buyers<\/em><\/div>\n
11. Discuss Earnest Money Deposits<\/em><\/div>\n
12. Explain Home Inspection Process<\/em><\/div>\n
13. Educate Buyers About Local Neighborhoods<\/em><\/div>\n
14. Discuss Foreclosures & Short Sales<\/em><\/div>\n
15. Gather the Needs & Wants Of Their Next Home<\/em><\/div>\n
16. Explain School Districts Effect on Home Values<\/em><\/div>\n
17. Explain Recording Devices During Showings<\/em><\/div>\n
18. Learn All Buyer Goals & Make A Plan<\/em><\/div>\n
19. Create Internal File for Buyers Records<\/em><\/div>\n
20. Send Buyers Homes Within Their Criteria<\/em><\/div>\n
21. Start Showing Buyers Home That They Request<\/em><\/div>\n
22. Schedule & Organize All Showings<\/em><\/div>\n
23. Gather Showing Instructions for Each Listing<\/em><\/div>\n
24. Send Showing Schedule to Buyers<\/em><\/div>\n
25. Show Up Early and Prepare First Showing<\/em><\/div>\n
26. Look For Possible Repair Issues While Showing<\/em><\/div>\n
27. Gather Buyer Feedback After Each Showing<\/em><\/div>\n
28. Update Buyers When New Homes Hit the Market<\/em><\/div>\n
29. Share Knowledge & Insight About Homes<\/em><\/div>\n
30. Guide Buyers Through Their Emotional Journey<\/em><\/div>\n
31. Listen & Learn From Buyers At Each Showing<\/em><\/div>\n
32. Keep Records of All Showings<\/em><\/div>\n
33. Update Listing Agents with Buyer\u2019s Feedback<\/em><\/div>\n
34. Discuss Home Owner\u2019s Associations<\/em><\/div>\n
35. Estimate Expected Utility Usage Costs<\/em><\/div>\n
36. Confirm Water Source and Status<\/em><\/div>\n
37. Discuss Transferable Warranties<\/em><\/div>\n
38. Explain the Property Appraisal Process<\/em><\/div>\n
39. Discuss Multiple Offer Situations<\/em><\/div>\n
40. Create Practice Offer To Help Buyers Prepare<\/em><\/div>\n
41. Provide Updated Housing Market Data to Buyers<\/em><\/div>\n
42. Inform Buyers of Their Showing Activity Weekly<\/em><\/div>\n
43. Update Buyers On Any Price Drops<\/em><\/div>\n
44. Discuss MLS Data With Buyers At Showings<\/em><\/div>\n
45. Find the Right Home for Buyers<\/em><\/div>\n
46. Determine Property Inclusions & Exclusions<\/em><\/div>\n
47. Prepare Sales Contract When Buyers are Ready<\/em><\/div>\n
48. Educate Buyers On Sales Contract Options<\/em><\/div>\n
49. Determine Need for Lead-Based Paint Disclosure<\/em><\/div>\n
50. Explain Home Warranty Options<\/em><\/div>\n
51. Update Buyer\u2019s Pre-Approval Letter<\/em><\/div>\n
52. Discuss Loan Objection Deadlines<\/em><\/div>\n
53. Choose a Closing Date<\/em><\/div>\n
54. Verify Listing Data Is Correct<\/em><\/div>\n
55. Review Comps With Buyers To Determine Value<\/em><\/div>\n
56. Prepare & Submit the Buyer\u2019s Offer to the Listing Agent<\/em><\/div>\n
57. Negotiate Buyers Offer With Listing Agent<\/em><\/div>\n
58. Execute A Sales Contract & Disclosures<\/em><\/div>\n
59. Once Under Contract, Send to the Title Company<\/em><\/div>\n
60. Coordinate Earnest Money Drop Off<\/em><\/div>\n
61. Deliver Copies to Mortgage Lender<\/em><\/div>\n
62. Obtain a Copy of the Sellers Disclosure for Buyers<\/em><\/div>\n
63. Deliver Copies of Contract\/Addendum to Buyers<\/em><\/div>\n
64. Obtain A Copy of HOA Bylaws<\/em><\/div>\n
65. Keep Track of Copies for Office File<\/em><\/div>\n
66. Coordinate Inspections with Buyers<\/em><\/div>\n
67. Meet the Inspector At The Property<\/em><\/div>\n
68. Review Home Inspection with Buyers<\/em><\/div>\n
69. Negotiate Inspection Objections<\/em><\/div>\n
70. Get All Agreed Upon Repair Items in Writing<\/em><\/div>\n
71. Verify any Existing Lease Agreements<\/em><\/div>\n
72. Check In With the Lender To Verify the Loan Status<\/em><\/div>\n
73. Check on the Appraisal Date<\/em><\/div>\n
74. Negotiate Any Unsatisfactory Appraisals<\/em><\/div>\n
75. Coordinate Closing Times & Location<\/em><\/div>\n
76. Make Sure All Documents Are Fully Signed<\/em><\/div>\n
77. Verify Title Company Has Everything Needed<\/em><\/div>\n
78. Remind Buyers to Schedule Utilities<\/em><\/div>\n
79. Make Sure All Parties Are Notified of Closing Time<\/em><\/div>\n
80. Solve Any Title Problems Before Closing<\/em><\/div>\n
81. Receive and Review Closing Documents<\/em><\/div>\n
82. Review Closing Figures With Buyers<\/em><\/div>\n
83. Confirm Repairs Have Been Made By Sellers<\/em><\/div>\n
84. Perform Final Walk-Through with Buyers<\/em><\/div>\n
85. Resolve Any Last Minute Issues<\/em><\/div>\n
86. Get CDA Signed By Brokerage<\/em><\/div>\n
87. Attend Closing with Buyers<\/em><\/div>\n
88. Provide Home Warranty Paperwork<\/em><\/div>\n
89. Give Keys and Accessories to Buyers<\/em><\/div>\n
90. Close Out Buyer\u2019s File Brokerage<\/em><\/div>\n
<\/div>\n
Whew\u2026exhausting, isn\u2019t it!?! \ud83e\udd2f<\/em><\/div>\n
<\/div>\n
\u2728You don’t need to buy or sell a home to support your agent’s real estate business \u2013 here are just a few simple ways to show your support!\u2063 Sharing one of their listings, sending a friend or family member their way, letting them connect you with agents outside their area for a broker-to-broker referral, or leaving them a positive comment or review helps them feel seen and supported – (thanks to you)! \u2764\ufe0f\u2728<\/em><\/div>","protected":false},"excerpt":{"rendered":"

With the new settlement from NAR in the news, a lot of people have questions, and I think there is a lot of misinformation out there. A lot of people, not everyone, think it’s really easy to be an agent, and We are overpaid. It’s actually really hard, and 90% of realtors fail in the […]<\/p>","protected":false},"author":497,"featured_media":21751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-21750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blogging"],"yoast_head":"\nWhat is to be a Real Estate agent? - Loftway<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/loftway.com\/ja\/what-is-to-be-a-real-estate-agent\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is to be a Real Estate agent? - Loftway\" \/>\n<meta property=\"og:description\" content=\"With the new settlement from NAR in the news, a lot of people have questions, and I think there is a lot of misinformation out there. A lot of people, not everyone, think it’s really easy to be an agent, and We are overpaid. 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