University of Central Florida (UCF) REE3043 Fundamentals of Real Estate Practice Exam 3

Question: 1 / 400

Which of the following is typically NOT a role of a real estate agent?

Negotiating contracts on behalf of clients

Appraising property values

The correct answer is that appraising property values is typically not a role of a real estate agent. Real estate agents primarily focus on facilitating transactions involving buying, selling, or leasing properties. Their key responsibilities include negotiating contracts on behalf of their clients, marketing properties to attract potential buyers, and guiding clients through the complex purchasing or selling process, ensuring that they understand each step.

Appraising property values, however, is typically performed by licensed appraisers. These professionals use specific methodologies, market analysis, and property assessment techniques to determine a property's fair market value, which is a specialized skill that goes beyond the usual duties of a real estate agent. This distinction is important in understanding the roles within real estate practices and the distinct expertise required for different aspects of the industry.

Get further explanation with Examzify DeepDiveBeta

Marketing properties for sale

Guiding clients through the purchasing process

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy