May negotiate with suppliers to draw up procurement contracts and administer, terminate, or renegotiate contracts. Formulates policies and procedures for bid proposals and procurement of goods and services. Analyzes price proposals, financial reports, and other data and information to determine reasonable prices. Real estate agents have a thorough knowledge of the real estate market in their community. They should be familiar with local zoning and tax laws, and know where to obtain financing.
Agents also act as an intermediary in price negotiations between buyers and sellers.
Real estate agents are generally independent sales workers who provide their services to a licensed broker on a contract basis. In return, the broker pays the agent a portion of the commission earned from property sold through the firm, by the agent. Brokers are independent business people who, for a fee, sell real estate owned by others and rent and manage properties. In closing sales, brokers often provide buyers with information on loans to finance their purchase. They also arrange for title searches and for meetings between buyers and sellers when details of the transactions are agreed upon and the new owners take possession.