noun phrasereal estate

real estate agent

A licensed professional who helps clients buy, sell or rent property and typically earns a commission.

Definition

A real estate agent represents a client in a property transaction. Duties commonly include pricing advice, marketing, showing properties, negotiating and coordinating with lawyers, lenders and inspectors. Licensing and duties differ by country and region. In some places agents owe clients specific duties of loyalty and disclosure. Ask whom the agent represents in your transaction, how they are paid and how many similar sales they have handled recently. Verify the agent's license with the official registry where one exists, which is quick and usually free.

In a sentence

  • The real estate agent advised on an asking price and arranged viewings.

  • Ask who the agent represents before sharing your maximum budget.

Related terms

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