What exactly does an estate agent do?
Text from 2019. Laws, rates and prices may have changed since then. Ask an agent
This profession is still shrouded in a certain mystery. There are a great many estate agents on the market, but when it comes down to it, can we say exactly what falls within such a person's remit? We decided to take a close look at this profession, at how estate agencies in Katowice operate, how much an agent earns, and what work in this profession typically involves.
Estate agent – what are their duties?
It is no coincidence that another name for this profession is real estate intermediary. This person's task is to mediate between the selling and buying parties, which makes the process of buying, selling or renting property more efficient.
The agent's task is constant analysis of the market, winning new clients and offering them interesting proposals for flats or houses to rent. They have the client's good at heart, but are directly tied to the selling side. After all, an estate agency in Katowice pays its agents for every completed transaction that ends in a profit for the developer or counterparty.
What matters most in an estate agent's work?
Two absolute essentials are knowledge of the property market and the ability to build positive interpersonal relationships. The agent's main task is to match the chosen property appropriately to the client's individual needs.
An agent must have a thorough knowledge of both new properties and the secondary market. The larger the pool of available flats and houses, the easier it is to find a proposal ideally suited to the client's expectations. An agent must also know the basics of law, which will allow them to verify the legal status of the chosen property.
A day in the life of an estate agent
Open-ended working hours. Constant readiness. Mobility. These words fit the profession of estate agent perfectly. Let us begin with a morning meeting with a client. The agent learns the client's initial expectations and builds a preliminary mental database of properties meeting the criteria. Next, they must carefully check the flats for sale. What is their legal status? Who is selling the property? What obstacles might arise on the way to completing the transaction?
An estate agent is constantly on the move. They shuttle between clients and properties to be checked. If they are a freelancer and run their own company, they must also devote time to the formalities of running their own business. For this reason, it is a profession aimed at people who like an interesting and active life and who do not mind open-ended and unusual working hours.
How much does an estate agent earn?
It depends, of course, on many factors. The main determinant is the value of the flat for sale. The agent is entitled to a commission of a certain percentage of the transaction carried out. Exact earnings therefore depend mainly on skills, but also on the state of the property market. The average in many voivodeships hovers around 3,000 PLN net per month.
Tags: for estate agents, estate agent