Occupation information for Real Estate Sales Agents District Of Columbia

description

Rent, buy, or sell property for clients. Perform duties such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.

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details

Currently Employed: 1,470

Projected Annual Job Openings: 130

Typical Hourly Wage: $30.63 - $58.20

Typical Annual Salary: $63,710 - $121,060

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typical training

Typical education needed for entry: High school diploma or equivalent

Typical work experience needed for a job in this occupation: No work experience

Typical on-the-job training once you have a job in this occupation: 1 to 12 months on-the-job training

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typical job duties
  • Present purchase offers to sellers for consideration.
  • Prepare documents such as representation contracts, purchase agreements, closing statements, deeds, and leases.
  • 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.
  • Generate lists of properties that are compatible with buyers' needs and financial resources.
  • Promote sales of properties through advertisements, open houses, and participation in multiple listing services.
  • Compare a property with similar properties that have recently sold to determine its competitive market price.
  • Coordinate property closings, overseeing signing of documents and disbursement of funds.
  • Interview clients to determine what kinds of properties they are seeking.
  • Contact previous clients for prospecting of referral business.
tools & technology
Tools:
  • Desktop computers
  • Digital cameras
  • Global positioning system GPS receiver
  • Laser printers
  • Notebook computers

Technology:
  • Customer relationship management CRM software
  • Data base user interface and query software
  • Expert system software
  • Financial analysis software
  • Web page creation and editing software