ISCO Occupation Group 3334.3 Real Estate Agent

From Open Risk Manual

Definition

Real Estate Agent: 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

  • Contract Law
  • Obtain Financial Information
  • Compare Property Values
  • Liaise With Property Owners
  • Customer Service
  • Office Administration
  • Compose Real Estate Contract
  • Maintain Financial Records
  • Real Estate Market
  • Prospect New Customers
  • Perform Property Market Research
  • Property Law
  • Value Properties
  • Identify Customer'S Needs
  • Mortgage Loans
  • Inform On Renting Agreements
  • Advise On Property Value
  • Maintain Relationship With Customers
  • Provide Information On Properties
  • Manage Contracts


Optional Skills

  • Write Inspection Reports
  • Assist In Loan Applications
  • Examine The Conditions Of Buildings
  • Handle Tenant Changeover
  • Types Of Insurance
  • Analyse Insurance Needs
  • Building Codes
  • Building Construction Principles
  • Attend Trade Fairs
  • Advertising Techniques
  • Analyse Loans
  • Create A Financial Plan
  • Liaise With Advertising Agencies
  • Estimate Profitability
  • Plan Buildings Maintenance Work
  • Manage Contract Disputes
  • Advise On Investment
  • Examine Mortgage Loan Documents
  • Prepare Inventory Of Properties
  • Prepare Sales Checks
  • Perform Contract Compliance Audits
  • Organise A Damage Assessment
  • Collect Property Financial Information
  • Monitor Title Procedures
  • Liaise With Local Authorities
  • Review Closing Procedures
  • Energy Performance Of Buildings
  • Accounting Techniques
  • Consult Credit Score
  • Negotiate With Property Owners
  • Protect Client Interests
  • Organise Property Viewing
  • Modern Portfolio Theory
  • Concurrent Estate
  • Process Payments
  • Examine Credit Ratings


Alternative Names

  • Title Examiner
  • Real Estate Brokers
  • Real Estage Agent Mediators
  • Real Estate Sales Representatives
  • Lettings Agents
  • Real Estate Sales Agents
  • Commercial Building Rental Agents
  • Real Estate Sales Representative
  • Apartment Rental Agent
  • Realtor
  • Apartment Rental Agents
  • Realtors
  • Commercial Building Rental Agent
  • Commercial Real Estate Agents
  • Estate Agents
  • Estate Managers
  • Real Estage Agent Mediator
  • Commercial Real Estate Salesperson
  • Property Agent
  • Property Rental Agents
  • Real Estate Salespersons
  • Real Estate Rental Agent
  • Associate Real Estate Brokers
  • Commercial Real Estate Agent
  • Commercial Real Estate Salespersons
  • Property Agents
  • Real Estate Dealers
  • Real Estate Dealer
  • Real Estate Sales Agent
  • Letting Agents
  • Residential Real Estate Agent
  • Letting Agent
  • Property Rental Agent
  • Residential Real Estate Agents
  • Estate Agent
  • Real Estate Broker
  • Real Estate Rental Agents
  • Associate Real Estate Broker
  • Title Examiners
  • Real Estate Salesperson
  • Lettings Agent


Specializations

Specialization Title
C3334.3.2 ISCO Specialization 3334.3.2 Real Estate Investor
C3334.3.1 ISCO Specialization 3334.3.1 Letting Agent

Higher Level