Published February 6, 2023
What Does A Realtor Do? | Buyer & Seller Agent Roles Defined
Have you ever wondered what a Laura Smith Real Estate team agent would do for you? Check out this list for both buyer's agents and listing agents! We work hard to ensure your needs are met, all parts of the process are understandable, and good financial decisions are made.
WHAT DOES A REALTOR DO FOR BUYERS?
A Realtor helps homebuyers find a home and then secure the property with an executed sales contract. That's the most basic explanation of a buyer agent's role. Their job is much more complicated than that definition.
There are countless things that a Realtor does for a buyer. A real estate agent will walk their clients through each step of the transaction onto closing. They work with first-time buyers, multi-property buyers, or anyone who needs to buy a home. Here's an itemized list of 90 things that a real estate agent does for a buyer. Keep in mind that these are the basic duties. Top-level Realtors will go above and beyond this list of job duties.
- 1. Schedule Time To Meet Buyers
- 2. Prepare Buyers Guide & Presentation
- 3. Meet Buyers and Discuss Their Goals
- 4. Explain Buyer & Seller Agency Relationships
- 5. Discuss Different Types of Financing Options
- 6. Help Buyers Find a Mortgage Lender
- 7. Obtain Pre-Approval Letter from Their Lender
- 8. Explain What You Do For Buyers As A Realtor
- 9. Provide Overview of Current Market Conditions
- 10. Explain Your Company’s Value to Buyers
- 11. Discuss Earnest Money Deposits
- 12. Explain Home Inspection Process
- 13. Educate Buyers About Local Neighborhoods
- 14. Discuss Foreclosures & Short Sales
- 15. Gather Needs & Wants Of Their Next Home
- 16. Explain School Districts Effect on Home Values
- 17. Explain Recording Devices During Showings
- 18. Learn All Buyer Goals & Make A Plan
- 19. Create Internal File for Buyers Records
- 20. Send Buyers Homes Within Their Criteria
- 21. Start Showing Buyers Home That They Request
- 22. Schedule & Organize All Showings
- 23. Gather Showing Instructions for Each Listing
- 24. Send Showing Schedule to Buyers
- 25. Show Up Early and Prepare First Showing
- 26. Look For Possible Repair Issues While Showing
- 27. Gather Buyer Feedback After Each Showing
- 28. Update Buyers When New Homes Hit the Market
- 29. Share Knowledge & Insight About Homes
- 30. Guide Buyers Through Their Emotional Journey
- 31. Listen & Learn From Buyers At Each Showing
- 32. Keep Records of All Showings
- 33. Update Listing Agents with Buyer’s Feedback
- 34. Discuss Home Owner’s Associations
- 35. Estimate Expected Utility Usage Costs
- 36. Confirm Water Source and Status
- 37. Discuss Transferable Warranties
- 38. Explain Property Appraisal Process
- 39. Discuss Multiple Offer Situations
- 40. Create Practice Offer To Help Buyers Prepare
- 41. Provide Updated Housing Market Data to Buyers
- 42. Inform Buyers of Their Showing Activity Weekly
- 43. Update Buyers On Any Price Drops
- 44. Discuss MLS Data With Buyers At Showings
- 45. Find the Right Home for Buyers
- 46. Determine Property Inclusions & Exclusions
- 47. Prepare Sales Contract When Buyers are Ready
- 48. Educate Buyer’s On Sales Contract Options
- 49. Determine Need for Lead-Based Paint Disclosure
- 50. Explain Home Warranty Options
- 51. Update Buyer’s Pre-Approval Letter
- 52. Discuss Loan Objection Deadlines
- 53. Choose a Closing Date
- 54. Verify Listing Data Is Correct
- 55. Review Comps With Buyers To Determine Value
- 56. Prepare & Submit Buyer’s Offer to Listing Agent
- 57. Negotiate Buyers Offer With Listing Agent
- 58. Execute A Sales Contract & Disclosures
- 59. Once Under Contract, Send to Title Company
- 60. Coordinate Earnest Money Drop Off
- 61. Deliver Copies to Mortgage Lender
- 62. Obtain Copy of Sellers Disclosure for Buyers
- 63. Deliver Copies of Contract/Addendum to Buyers
- 64. Obtain A Copy of HOA Bylaws
- 65. Keep Track of Copies for Office File
- 66. Coordinate Inspections with Buyers
- 67. Meet Inspector At The Property
- 68. Review Home Inspection with Buyers
- 69. Negotiate Inspection Objections
- 70. Get All Agreed Upon Repair Items in Writing
- 71. Verify any Existing Lease Agreements
- 72. Check In With Lender To Verify Loan Status
- 73. Check on the Appraisal Date
- 74. Negotiate Any Unsatisfactory Appraisals
- 75. Coordinate Closing Times & Location
- 76. Make Sure All Documents Are Fully Signed
- 77. Verify Title Company Has Everything Needed
- 78. Remind Buyers to Schedule Utilities
- 79. Make Sure All Parties Are Notified of Closing Time
- 80. Solve Any Title Problems Before Closing
- 81. Receive and Review Closing Documents
- 82. Review Closing Figures With Buyers
- 83.Confirm Repairs Have Been Made By Sellers
- 84. Perform Final Walk-Through with Buyers
- 85. Resolve Any Last Minute Issues
- 86. Get CDA Signed By Brokerage
- 87. Attend Closing with Buyers
- 88. Provide Home Warranty Paperwork
- 89. Give Keys and Accessories to Buyers
- 90. Close Out Buyer’s File Brokerage
Buyers Agent Summary
These are a few of the many job tasks that a real estate agent does for a buyer. These tasks grow as new technology is adopted every year into the real estate industry. Keep in mind that buyer's agents are independent contractors. They do not get paid until the transaction closes. Some transactions will fall apart during the financing process. Other contracts may fall apart during the appraisal. Working hard through many of the job tasks above and then not getting paid is a painful thing that every agent goes through.
The rewarding part of being a buyers agent is that you get to help people find a place to call home. After all of the countless hours and hard work, it's very rewarding to hand the keys to the buyer and congratulate them.
WHAT DOES A REALTOR DO FOR SELLERS?
A Realtor helps home buyers find a home and then secure the property with an executed sales contract. That's the most basic explanation of a buyer's agent's job. The truth is, there are many things that a Realtor does for a buyer. A real estate agent will walk their clients through each step of the transaction on to closing. Here's a list of 90 things that a real estate agent does for a buyer. Keep in mind that these are the basic duties. Top-level Realtors will go above and beyond this list of job duties.
- 1. Prepare Listing Presentation for Sellers
- 2. Research Sellers Property Tax Info
- 3. Research Comparable Sold Properties for Sellers
- 4. Determine Average Days on Market
- 5. Gather Info From Sellers About Their Home
- 6. Meet With Sellers at Their Home
- 7. Get To Know Their Home
- 8. Present Listing Presentation
- 9. Advise on Repairs and/or Upgrades
- 10. Provide Home Seller To-Do Checklist
- 11. Explain Current Market Conditions
- 12. Discuss Seller’s Goals
- 13. Share Your Value Proposition
- 14. Explain Benefits of Your Brokerage
- 15. Present Your Marketing Options
- 16. Explain Video Marketing Strategies
- 17. Demonstrate 3D Tour Marketing
- 18. Explain Buyer & Seller Agency Relationships
- 19. Describe the Buyer Pre-Screening Process
- 20. Create Internal File for Transaction
- 21. Get Listing Agreement & Disclosures Signed
- 22. Provide Sellers Disclosure Form to Sellers
- 23. Verify Interior Room Sizes
- 24. Obtain Current Mortgage Loan Info
- 25. Confirm Lot Size from County Tax Records
- 26. Investigate Any Unrecorded Property Easements
- 27. Establish Showing Instructions for Buyers
- 28. Agree on Showing Times with Sellers
- 29. Discuss Different Types of Buyer Financing
- 30. Explain Appraisal Process and Pitfalls
- 31. Verify Home Owners Association Fees
- 32. Obtain a Copy of HOA Bylaws
- 33. Gather Transferable Warranties
- 34. Determine Need for Lead-Based Paint Disclosure
- 35. Verify Security System Ownership
- 36. Discuss Video Recording Devices & Showings
- 37. Determine Property Inclusions & Exclusions
- 38. Agree on Repairs to Made Before Listing
- 39. Schedule Staging Consultation
- 40. Schedule House Cleaners
- 41. Install Electronic Lockbox & Yard Sign
- 42. Set-Up Photo/Video Shoot
- 43. Meet Photographer at Property
- 44. Prepare Home For Photographer
- 45. Schedule Drone & 3D Tour Shoot
- 46. Get Seller’s Approval of All Marketing Materials
- 47. Input Property Listing Into The MLS
- 48. Create Virtual Tour Page
- 49. Verify Listing Data on 3rd Party Websites
- 50. Have Listing Proofread
- 51. Create Property Flyer
- 52. Have Extra Keys Made for Lockbox
- 53. Set-Up Showing Services
- 54. Help Owners Coordinate Showings
- 55. Gather Feedback After Each Showing
- 56. Keep track of Showing Activity
- 57. Update MLS Listing as Needed
- 58. Schedule Weekly Update Calls with Seller
- 59. Prepare “Net Sheet” For All Offers
- 60. Present All Offers to Seller
- 61. Obtain Pre-Approval Letter from Buyer’s Agent
- 62. Examine & Verify Buyer’s Qualifications
- 63. Examine & Verify Buyer’s Lender
- 64. Negotiate All Offers
- 65. Once Under Contract, Send to Title Company
- 66. Check Buyer’s Agent Has Received Copies
- 67. Change Property Status in MLS
- 68. Deliver Copies of Contact/Addendum to Seller
- 69. Keep Track of Copies for Office File
- 70. Coordinate Inspections with Sellers
- 71. Explain Buyer’s Inspection Objections to Sellers
- 72. Determine Seller’s Inspection Resolution
- 73. Get All Repair Agreements in Writing
- 74. Refer Trustworthy Contractors to Sellers
- 75. Meet Appraiser at the Property
- 76. Negotiate Any Unsatisfactory Appraisals
- 77. Confirm Clear-to-Close
- 78. Coordinate Closing Times & Location
- 79. Verify Title Company Has All Docs
- 80. Remind Sellers to Transfer Utilities
- 81. Make Sure All Parties Are Notified of Closing Time
- 82. Resolve Any Title Issues Before Closing
- 83. Receive and Carefully Review Closing Docs
- 84. Review Closing Figures With Seller
- 85. Confirm Repairs Have Been Made
- 86. Resolve Any Last Minute Issues
- 87. Attend Seller’s Closing
- 88. Pick Up Sign & Lock Box
- 89. Change Status in MLS to “Sold.”
- 90. Close Out Seller’s File With Brokerage
Listing Agent Summary
These are a few of the many job tasks that a real estate agent does for a seller. Listing agents may not get paid until many months after they first met with their clients. The journey of selling a client's home is long and tedious at times. Listing agents job is to educate their clients through the selling process, and to keep their clients calm and trust the process as each step comes along.
Citation: Fortune, A. (2021, January 22). What does a realtor do?: Buyer & seller agent roles defined. Colorado Springs Realtors. Retrieved February 6, 2023, from https://greatcoloradohomes.com/blog/what-does-a-realtor-do-to-earn-their-commission.html?fbclid=IwAR0wcDft4ZseuWO9EygE4261xdXuLtBz-SYjfx4iExGBxmiIf2-M0BtWu2o&mibextid=l066kq#infographic
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