One of the best ways to understand how discount agents work is to first understand what full-service agents do. A buyer or seller may choose a full-service agent to complete their real estate transaction for a variety of reasons. These are some examples:

You will hire someone who will be available at all times. Because their clients are available in the evenings and on weekends, many agents work those hours.

Your agent should be able to answer any questions you have and should take the time to make you feel at ease with the process.

Your agent acts as a liaison between your lender, attorney, buyer, and title company. They outline exactly what you need to do.

Your agent will devote all of the time and resources necessary to sell your home or assist you in purchasing one.

Hiring a full-service agent gives you a partner in the home-selling process. Even if your agent is out of the office or on vacation, their office managers and assistants may be able to assist you.

Working with these agents has some drawbacks. The most serious issue is the cost. If you have a house that will sell quickly or are familiar with the real estate process, you may not require much assistance.

Consider two houses that are both for sale at the same price. One sells in a week with a cash buyer, while the other sits on the market for a month. The Realtor who sells the second home must work long hours and do more work to market the property. Even though both houses pay the same commissions, the house that sells quickly pays the agent a higher per-hour rate. The seller was charged the same amount for fewer services.

What Is the Role of a Real Estate Sales Agent?

Educational Qualifications for a Real Estate Sales Agent