Real estate agent
Also known as: title examiner, real estate brokers, real estage agent mediators, real estate sales representatives, lettings agents, real estate sales agents
About this occupation
Real estate agents administer the sales or letting process of residential, commercial properties or land on behalf of their clients. They investigate the property's condition and assess its value in order to offer the best price to their clients. They negotiate, compose a sales contract or a rental contract and liaise with third parties in order to realize the stated objectives during transactions. They undertake research to determine the legality of a property sale before it is sold and make sure the transaction is not subject to any disputes or restrictions.
Essential skills and knowledge
- identify customer's needs
- prospect new customers
- provide information on properties
- mortgage loans
- maintain financial records
- compose real estate contract
- value properties
- perform property market research
- liaise with property owners
- property law
- office administration
- contract law
Typical tasks and preparation
From the related US occupation profile Real Estate Sales Agents (O*NET 41-9022.00). Linked by an official crosswalk: related, not identical; details vary by country.
- Present purchase offers to sellers for consideration.
- Act as an intermediary in negotiations between buyers and sellers, generally representing one or the other.
- Confer with escrow companies, lenders, home inspectors, and pest control operators to ensure that terms and conditions of purchase agreements are met before closing dates.
- Advise clients on market conditions, prices, mortgages, legal requirements, and related matters.
- Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.
- Compare a property with similar properties that have recently sold to determine its competitive market price.
- Preparation
- Job Zone 2 of 5
- Interests
- Enterprising, Conventional, Social
Top skills: Active Listening, Speaking, Negotiation, Social Perceptiveness, Coordination, Persuasion
US median pay: US$52,830 a year (2025), 193,370 employed. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics.
Subjects this work relies on
How important each subject's knowledge is in the job itself, rated by people doing it (1 to 5).
- English or Literature in EnglishO*NET: English LanguageVery important (3.6)
- Computer StudiesO*NET: Computers and ElectronicsImportant (3.4)
- Mathematics or StatisticsO*NET: MathematicsImportant (3.3)
- Business Studies or EntrepreneurshipO*NET: Administration and ManagementImportant (3.3)
- Media StudiesO*NET: Communications and MediaImportant (3.3)
- Government and PoliticsO*NET: Law and GovernmentImportant (3.2)
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Preparation needed
Job Zone 1-2: Very Little to Some Preparation Needed
- Education
- Usually requires a high school diploma or GED, though some occupations may not.
- Experience
- Some occupations may need little or no previous experience; others require several months to a year of experience. For example, landscaping and groundskeeping workers might require very little training or previous experience, while agricultural equipment operators can benefit from on-the job training.
- Training
- Ranges from a few days to one year of on-the-job training.
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.
Related occupations
Occupations O*NET links to this one by similar work, skills and knowledge.
- Real Estate Brokers
- Property, Real Estate, and Community Association Managers
- Appraisers and Assessors of Real Estate
- Securities, Commodities, and Financial Services Sales Agents
- Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
- Appraisers of Personal and Business Property
- Counter and Rental Clerks
- Loan Officers
- Personal Financial Advisors
- Insurance Sales Agents
O*NET data describe work in the United States; requirements differ by country. This page includes information from the O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET is a trademark of USDOL/ETA. CareerProof Global has modified all or some of this information; USDOL/ETA has not approved, endorsed, or tested these modifications.