Collaborating with an expert real estate agent who understands the local housing market is essential. Here is a review of 13 different types of real estate agents.
What Is a Real Estate Agent?
A real estate agent is a licensed professional who assists sellers and buyers with the whole real estate transaction procedure. Agents collate market data, manage legal documents, or discuss and negotiate real estate deals so a sale may fall through. In exchange for their services, real estate agents get commissions from the proceeds of the sale from closing. The work agents may add more value to a home sale. As reported by data from the National Association of Realtors®, agent-involved sales in 2021 sold for a median price of $318,000, compared to $260,000 for homes sold For Sale by Owner (FSBO).
Seller Representative Specialist (SRS)
The SRS designation offers a proper foundation framework of education, skill training, and resources needed to present the interests of sellers to the marketplace. The designation may assist real estate agents with the following:
- Improving sales performance and creating more listings
- Applying the Code of Ethics & Standards to their enterprise
- Learning methods, techniques, and tools which help sellers
Accredited Buyer’s Representative / ABR®
The ABR® certification teaches real estate agents how to recognize the demands of buyers and how to push the real estate transaction to a deliberate closing. The certification offers agents access to research, teaching, and teaching materials that assist participants:
- Convey their valuation to buyers
- Negotiate offers for buyers
- Push transactions to a final close
Certified Residential Specialist (CRS)
As reported by the NAR, the CRS Designation is the top credential awarded to residential real estate professionals. It may assist agents in tripling their earnings, gross revenue, and the volume of transactions compared to Realtors® without the designation.
NAR’s Green Designation
This designation educates agents on how to get a competitive edge when marketing green homes. Real estate agents learn how green properties are marketed distinctly from ordinary homes. Green topics, research, and resources cover how energy-efficient and sustainable features affect real estate.
Seniors Real Estate Specialist (SRES)
The SRES® designation was crafted for real estate agents desiring to sell homes in age-restricted areas. Professionals learn to buy, relocate, refinance, or sell residential and investment properties. Senior Real Estate Specialist candidates study how to assist seniors in preparing for life-changing issues or real estate decisions, including retirement, pensions, and loan fraud.
Listing Agents / Seller’s Agents
A listing agent, also termed a seller’s agent, represents customers who desire to sell their homes. Their main goal is to protect their client’s main interests and get the best price for the seller in the shortest period possible.
Buyer’s agents, from another angle, represent buyers or preserves their interests by assisting clients to find homes that are on wish lists and negotiate all offers to win bidding wars in a crowded market.
A designated agency or agent is when an agent or brokerage represents the interests of the seller, and another represents the buyers’ interests.
A dual agent or dual agency is when the same real estate agent or agency represents both seller and buyer. Transaction brokers may represent both parties but not within a fiduciary capacity. Dual agents and agencies can be illegal in eight states. Dual agents may accept reduced commissions, saving sellers money.
Once you understand what you practically seek, browse through various apartments that come under your size and budget needs.