Real Estate Term
Real Estate Agent
A licensed professional who represents buyers or sellers in real estate transactions.
What is Real Estate Agent?
A real estate agent is a licensed professional who helps clients buy, sell, or rent property, acting either for the buyer or the seller in a transaction. They provide market knowledge, handle negotiations and paperwork, and guide clients through each step to closing. Agents are paid through commission, usually a percentage of the sale price.
Frequently asked questions
Related terms
Buyer's AgentA real estate agent who represents the buyer in a property transaction.Listing AgentThe real estate agent who represents the seller in a property transaction.REALTORA real estate professional who is a member of the Canadian Real Estate Association. REALTOR is a registered trademark.Comparative Market Analysis (CMA)An analysis of recently sold properties similar to the subject property, used to determine market value.ClosingThe final step in a real estate transaction where ownership transfers from seller to buyer.
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