Answer:
In the residential rental market, real estate agents work with tenants looking for suitable homes or apartments to rent. They assist clients in identifying their needs and preferences, such as location, size, amenities, and budget, and then search for properties that meet those criteria. They arrange property viewings, provide information about the rental market conditions, help negotiate lease terms, and facilitate the lease signing process.
Similarly, in the student housing market, real estate agents specialize in helping students find suitable accommodations near their educational institutions. They are familiar with the specific needs and preferences of students, such as proximity to campus, safety, affordability, and suitable amenities. They can provide information about available student housing options, assist with lease negotiations, and provide guidance throughout the rental process.
Real estate agents in both markets act as intermediaries between landlords and tenants, ensuring that both parties' interests are represented and that the rental process goes smoothly. They also stay updated on market trends and rental regulations to provide valuable insights and advice to their clients.
Step-by-step explanation: