How Does a Real Estate Assistant Spend a Workday?
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Duties and Responsibilities
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A real estate assistant is an invaluable asset to a real estate company. Often called a REA or REPA, which means Real Estate Professional Assistant, she spends a workday mostly in a real estate office. Some of the responsibilities include answering phone calls, doing clerical work and assisting licensed real estate agents or brokers with their needs. Some of the support provided by a real estate assistant includes marketing, contracting, listing, showing and inspections. A real estate assistant also helps prepare listing agreements, sales contracts and addendum, MLS (Multiple Listing Service) entries, completes seller net sheets, and tracks termination of contracts and due dates. A real estate assistant also follows up on paperwork and supports other needs of a licensed real estate agent or broker.
Licensing
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A real estate assistant does not necessarily need a license in order to assist with minor duties, so long as he works closely with a licensed real estate agent or broker. It is, however, advisable to take a formal course to learn the different real estate terminologies and needs of a licensed real estate agent or broker to be able to provide day-to-day support and complete the tasks effectively and efficiently. Licensing is a first step for an office or administrative assistant, in order to be able to comprehend the real estate business better and become an invaluable asset to the company. Therefore, part of a workday for a real estate assistant is learning more to become proficient in her job and review for licensing.
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Wrapping Up
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A real estate assistant's day is usually very busy, because she may work for multiple licensed real estate agents and brokers. After taking care of their needs, a real estate assistant spends the latter part of the day doing important follow-ups via phone calls and emails on urgent matters. A real estate assistant makes sure all paperwork due that day is completed, signed and filed appropriately. It is important to be highly organized to be successful in this field. She makes sure that she copies important documents and files them along with the faxes sent and received. A real estate assistant makes sure to complete each day's deliverable and confer with the licensed real estate agents and brokers for accuracy. Real estate assistants work long hours, especially if there is a lot of pending work to complete; therefore, schedule flexibility is necessary. She also checks her schedule for the next day and lists those tasks before signing off for the day.
Aiming High
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A real estate assistant can work towards becoming a real estate professional, by first becoming a real estate agent and then, later on, become a licensed real estate broker. Learning more about the real estate business is important to be a successful real estate assistant; therefore, a part of the daily routine. Being exposed to the business and working closely with the licensed real estate professionals can provide a wealth of knowledge and on-the-job training. It can also provide valuable experience in order to become a full-pledged real estate agent someday.
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