What is a defining characteristic of an agent in the real estate context?

An agent in the real estate context is primarily defined by their relationship with a real estate firm, signifying that they operate under the umbrella of that firm as part of their professional structure. This arrangement allows agents to benefit from the brand, resources, and support that a real estate firm provides, such as training, marketing tools, and administrative assistance.

While it is true that agents may also be independent contractors, which allows flexibility in their work, the essential characteristic that defines the role of an agent is the necessity of working with and under a real estate firm to engage in real estate transactions. This relationship is critical for ensuring compliance with regulatory requirements and for the legal representation of clients in real estate dealings.

In contrast, handling financial arrangements and acting solely as property managers are specific functions that do not encapsulate the broader role of agents who may specialize in various areas of real estate beyond just management or financial responsibilities.