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Thread: what are an agents responsibilities?

  1. #1
    Join Date
    Apr 2005
    Posts
    5

    Question what are an agents responsibilities?

    I am a new agent in New York and I would like to know, what are an agents responsibilities with a buyer and a seller? For instance, after a buyer puts a bid on a home do I as the agent have to set anything up with their attorney? Or do I just have to wait for and attend the the closing date?
    And when I get a listing what do I have to do next? I would really appreciate it if someone could please explain the processes.
    Thanks for the help.

  2. #2
    Join Date
    Mar 2005
    Posts
    388

    Default Re: what are an agents responsibilities?

    Did you not cover any of this in Real Estate School?

    If you really do not know the answers to your above questions then you should absolutely avoid any contact with either a buyer or seller until your Broker has properly trained you.

    Don't take it personally but until you have had some training...Your not qualified to represent anyone.

  3. #3
    Join Date
    Aug 2004
    Location
    Hudson Valley, NY
    Posts
    634

    Default Re: what are an agents responsibilities?

    us,

    I have to echo what Salt said. There are some great, knowlegeable people on this board who will not think twice about answering your questions, but this is the type of subject that you'd learn from your broker. If your broker is not training you and just throwing you out to the wolves, I'd strongly consider finding another brokerage that offers a comprehensive training and mentoring program. BTW, what part of NY are you in?

  4. #4
    Join Date
    Jan 2005
    Location
    Orland Park/Homer Glen
    Posts
    3,345

    Default Re: what are an agents responsibilities?

    If you just sit & wait for the closing it might never happen! I can't tell you how many times I had to single-handedly hold deals together & do everyone else's work for them. If I didn't the client I was representing would have lost that deal & would have had to start over.

    I agree with the other posts. You need to ask your Broker these questions or seek other training resources.
    Money Magazine says that Orland Park real estate is one of the best places to live in the U.S. Check out Homer Glen homes if you're interested in living in the newest Chicago suburb. Next door, Lemont homes are the priciest in the southwest suburbs and have held their value, even appreciating while prices in other areas have gone down.

  5. #5
    Join Date
    Dec 2004
    Posts
    1,740

    Default Re: what are an agents responsibilities?

    Agents don't earn their money by opening doors, they earn it by keeping the deal together. NAR says it takes an agent on average 100 hours from start to finish for one deal. Very little of that is finding the house, most will from the time you start writing the contract.
    The Suburban House Hunters Team would like to thank REW members for past referrals! We are never to busy to handle your Chicago area referrals.

    Always looking for quality unique content for our real estate agent blog, PM me if interested in writing a post.

    My thoughts on the Sarasota Association of REALTORS actions.

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