Origin
The term originally referred to a person responsible for managing a landed estate, while those engaged in the buying and selling of homes were "House Agents", and those selling land were "Land Agents". However, in the 20th century, "Estate Agent" started to be used as a generic term, perhaps because it was thought to sound more impressive. Estate agent is roughly synonymous in the United States with the term real estate broker.
The job of the agent is to know his or her community and local factors that can increase or decrease property prices. e.g. if a new road or airport is to be built this can blight houses nearby. Equally, the closing of a quarry or improvement of an area can enhance prices. It is the job of the agent to value based on what has, or has not sold in comparison and to achieve the best price for their client.
Read more about this topic: Estate Agent
Famous quotes containing the word origin:
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—Charles Sanders Peirce (1839–1914)
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—Ralph Waldo Emerson (1803–1882)