estate agent cover letter no experience uk

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Estate agent cover letter example.

If you are looking to be an Estate Agent then you will need excellent communication skills combined with some selling skills. Having a good idea of the housing market place and particular areas around where you work would be an advantage as you will need to find properties to show clients around houses etc.

As an Estate Agent, you would get a commission for each sale or rent you make plus a basic salary.

Starting salaries for newly qualified agents can earn around £12,000 to £16,000 a year basic, plus commission

Starting salaries for newly qualified agents can earn around £12,000 to £16,000 a year basic, plus commission.

If you are an experienced estate agent with management skills then earnings can rise to between £20,000 and £35,000 a year basic salary and you still get commissions.

 For such lucrative remunerations, many experienced estate agents migrate to the UK with the help of the Tier 2 Sponsor List .

If you have found a role in which you want to apply for, please see the below covering letter which can help you as a guide: You need to create a convincing cover letter to attach to your CV, and if you don’t know the employer’s details, then learn how to address a cover letter without a name .

Estate Agent Cover Letter

Mr. A. Employee 1, My House Any Street This Town PO57 3DE

Mrs. A. Manager The Company Employment Street That Town PO57 3DE

Dear Sir/Madam,

Application for the role of Estate Agent

I have recently seen your advert looking for an Estate agent and I would be very interested in applying for this role.

I have a good background in customer services and with a slight sales side also. I have a good understanding and awareness of the local area and I have always been interested in houses and think combined with my skills I could be a good estate agent.

Having researched the company and the role I understand what the role entails and feel that I have a confident nature and would be able to talk to customers and clients and find out what they are looking for and what they are seeking from us as a company.

I am very organised and thorough and I pay great attention to detail and feel that I would be good at the paperwork and inventories involved in any rental properties on our books. I am a self-motivated individual who works well with targets and likes to work in a challenging environment. Do you also like to work in challenging environments then Manchester Airport jobs is the article you must read.

I have enclosed a copy of my CV which details my experiences, if you have any questions, please do not hesitate to contact me.

Thank you for taking the time to read my letter and CV, I look forward to hearing from you.

Yours sincerely

NAME SURNAME

Good luck with writing your cover letter.

In the meantime, hire quality CV writing services .

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With the majority of our clients reporting that they are busy, we have seen an encouraging uplift in job vacancies registered over the last few weeks. We expect that number to continue rising with the improvement in the market and, as a consequence, we are delighted to announce that all of the Property Personnel team have now returned to work in some capacity. You can find out more by clicking here.

14 April 2014 by Anthony Hesse

How to write the best cover letter

Jobseekers will often spend hours honing their CV, making sure it details all the relevant information, is laid out attractively and contains no spelling or grammar errors.

After all this hard work and effort, then, it seems bizarre that decidedly less time is spent on the covering letter. Perhaps this is because there isn’t such a vast library of advice out there for cover letters as there is for CVs. Either way, job hunters who pay little attention to their covering letter do so at their peril, as this could be responsible for the failure of an application – even if the adjoining CV is perfect.

So with this in mind, we set out to discover exactly what it was recruiters and property professionals thought made up a good covering letter (not to mention that which should be avoided at all costs), including hosting a Twitter chat on the subject.

What is the best way to begin a covering letter?

Starting at the beginning (where else), we sought to find out the best way of opening a covering letter. For this, opinion was somewhat divided, especially where the addressee was concerned.

Historic advice suggests that jobseekers should – wherever possible – find out the name of the individual on whose desk their application will eventually land. It’s said that doing this is a much more personal approach than simply choosing ‘Dear Sir/Madam’ or worse, ‘To whom it may concern.”

This was certainly the opinion of the Guardian Careers twitter account (@GuardianCareers). It claimed the best opening is “100% the name of the hiring manager – spelt (sic) correctly! No sirs or madams.”

Not everybody was of this belief, however. Others noted that – in today’s tech-led world where large job portals exist – finding out the right name can be a difficult task, if not entirely impossible. As such, it would be much better to simply lead with the ‘Dear Sir/Madam’ than gambling on a name that later turns out to be incorrect.

From here, the advice was largely unanimous: state the role for which you are applying (as there could be numerous), show yourself off in the best light and don’t be afraid to be bold. After all, this should catch their attention – which is what’s needed in a busy market.

How much should you say?

The covering letter is regularly seen as just a preface to the CV, where all the relevant information is concerned. But exactly how true is this? Getting it wrong can result in either a long and rambling essay that no recruiter would real all the way, or something that’s so short it looks flippant or lacking in effort.

Most of the responses were unanimous in their suggestion of keeping covering letters short rather than going into overkill. A paragraph or two should be plenty to get across suitability for the role and interest in the position (or company). Anything much longer than this is likely to send the hiring manager to sleep before they’ve even reached half way – not the greatest first impression.

A point noted on Twitter by Eric Walker (@JustEricWalker) was: “Don’t mention experience in [a] letter – it should be an announcement of the CV – not an edited version.”

Some property recruiters even noted that they spend little more than a minute reading covering letters, so brevity is your friend when it comes to professing suitability for the role.

What examples have really grabbed you?

With this question, we expected ripping yarns about the creativity of some individuals and the lengths they went to in order to secure a position. Perhaps good news for jobseekers, however, was that recruiters report seeing few of these, instead reporting that a simple, effective covering letter with good spelling and grammar was enough to catch their eye.

This wasn’t true for everyone, though. During our Twitter Q&A, Steven Wayne (@StevenHWayne) remembered one covering letter which proclaimed: “I CAN SELL ANYTHING ANYTIME ANYWHERE”. He added: “The English was awful but she got my attention.”

Furthermore, a passion for the job that really shines through should be enough to pique a recruiter’s interest and encourage them to read on. From there, goals was also mentioned as a jump-off point, showing not only what a person has achieved but also the areas in which they feel they’d like to move in future.

In short, all you need to do is explain why you are right for the job, using perfect grammar and syntax. Nothing, then, that needs grand ideas or budgets after all.

How should a covering letter end?

Having started at the beginning, it’s only right to bring the covering letter advice to its end with the letter’s sign off. This is arguably as important as the opening gambit as it will make the difference between a recruiter going on to read the CV or discarding it altogether.

At this point, much advice centres around thanking the person for taking the time to read your covering letter. If they’ve managed to make it all the way to the bottom, as you have here, then thank them for doing so.

A closing statement is also the time to provide the recruiter with details of how they should get in touch, should they need to. Email addresses are acceptable, but it’s also wise to put down a telephone number on which you can be reached, should they have a quick question that needs to be answered.

The worst thing that can be done here is to provide times or dates when a candidate will not be available. This only gives the impression they are too busy for the job and don’t care for it as much as their cover letter may have otherwise attested.

Now is also the chance to sign off with a small call to action. In this sense it would be a reason for them to press on with reading the CV or calling you in for an interview. Grabbing a recruiter’s attention should ensure you end leaving them wanting more, not grateful it’s finally over.

So in summary, cover letters should be short and to the point, detailing an individual’s work history but without going into the minutiae. A couple of paragraphs or anything that can be read in under two minutes should suffice. Open with the recipient’s name but only if you are certain of it, otherwise it’s best not to gamble. Then, to close, offer a chance for the recruiter to get back in touch should they need to.

Easy, when you know how. Happy job hunting!

About the author

Anthony Hesse

Anthony Hesse established Property Personnel as a Specialist Recruitment Consultancy to the Estate Agency industry in August 1988. The company has been trading for longer than any of its competitors and Anthony is the most experienced specialist recruiter in this field. As well as running the business, he is still very much actively involved at the 'coal face'.

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Guide to Writing an Estate Agent CV that Stands Out

Posted on 20/04/2022 by pat

"I’ve seen the perfect Estate Agent job advertised and want to go for it. The trouble is, I’ve no idea how to put together a CV and Cover Letter that will get me that job.”

Does this sound like you? Then this article is what you need to help write that winning Estate, Agent CV.

Tables of contents

Why is a stand-out estate agent cv so important, tailor your cv and cover letter to your employer, how do i tailor my cv, which parts of my cv do i need to tailor, best practice for the structure of your tailored cv, what should a tailored cv look like, cover letters – why they matter, tailoring your cover letter when applying for a role with an estate agent, more points to remember when writing your cover letter, clinching an interview with a clear, concise and compelling tailored cv.

Are you looking for a role with an Estate Agency? Have you seen a job advertised that you’re sure will be a great fit for you? Then, among your first considerations should be your CV and Covering Letter. These, closely followed by your LinkedIn profile, will be the first impression that you make on the recruiter or the estate agent in question.

You’ll need a combination of a clear structure and appealing content. These will give you the best chance of attracting your prospective employer and go a long way to getting you that all-important interview.

In this guide, along with a sample CV, you’ll learn how to craft your own attention-grabbing CV that will make you irresistible to recruiters.

You might think it’s enough to put together a standard CV and Cover Letter and fire them off to any number of potential Estate Agent employers. After all, surely all that’s needed is to list your qualifications, experience and previous jobs. Isn’t that right? No, definitely not. If you’re going to create the right kind of impression, you’re going to have to show that you’re genuinely interested in the specific vacancy that’s available with the specific Estate Agent. You need to tailor both your CV and your Cover Letter accordingly.

Your first step is to research your target Estate Agent. Find out as much as you can about them – their specialisms, their achievements, how many branches they have and where these branches are located. Check out:

• their website
• the LinkedIn profiles of the managers
• the LinkedIn page of the company
• online customer reviews (from their Google My Business page, for example)
• employer review sites

Carry out this kind of market intelligence research, and you’ll be well-placed to gear your CV and Cover Letter to exactly the needs and aspirations of your target Estate Agent employer.

The parts of your CV to focus on are your:

Personal statement

• Work history
• Work-related qualifications and training

Here are some pointers:

1. make use of the job description.

Let the job description be your CV guide. Use it to point the way towards what you should include. Mirror the keywords that the employer has used – the duties, skills, and elements of experience. Be sure to support each skill with real-life examples.

2. Prioritise your skills

Once you’ve worked out what your prospective employer is looking for, prioritise your skills accordingly, putting the most relevant at the top. Do the same in your Cover Letter. If you are unsure of what your skill strengths are, conduct a SWOT analysis to help identify them.

Examples of tailoring your CV…

Is your target Estate Agent looking for someone who is:

a ‘team player’?

Highlight instances when you’ve worked successfully with others and achieved strong results. ‘I worked with the IT department on a new CRM, which saved the company hours of data input time.”

innovative?

Cast your mind back to a time when you introduced a new idea to your current or a past employer – and highlight how your idea proved successful. ‘I came up with a new approach to Social Media use which resulted in an immediate 7% lift in enquiries.

a ‘leader’?

It might be that you’ve never held a leadership position before. Don’t worry. Your prospective employer will know that you have to start somewhere, but you can still show that you have leadership skills. You need to demonstrate that you’ve given instructions, inspired people, or taught others something new. ‘Inducted two new assistants into the department’ or ‘Led a team in a charity fund-raising event’.

a ‘self-starter’?

Describe a time when you pushed yourself to work well on your own. ‘Unprompted, I came up with a marketing plan for the launch of a new service, which then brought in £7,500 of extra sales within a month.’

Your CV is your first opportunity to showcase your experience, skills, qualifications, temperament and personality. Here are some ‘best practice’ points to help you craft the perfect CV.

Start with your basic personal information

The best CV structure is one that starts with all the ‘need-to-know’ details - your name and contact information. Don’t bother with irrelevant information, such as date of birth or marital status. Don’t forget to include a link to your LinkedIn profile. All these elements should be at the top, in bold. Make sure they’re clear and easy to read.

This is your chance to sell yourself to a hiring manager or recruiter and show why you’re well-suited to the job.

Keep it brief and to the point – just one or two short paragraphs. Tailor it to the specific Estate Agent role you’re applying for.

Remember to include your core Estate Agent skills - such as negotiation, marketing, sales and communication.

Don’t forget to mention the scope of your property knowledge. Have you sold residential homes, offices, or other property types?

Work history/overview

This should run in chronological order, starting with your most recent job role and ending with your first job.

Remember to include company names, positions, dates and a brief overview of responsibilities, skills and achievements.

Education, Qualifications and Training

Begin this section by documenting first those qualifications most relevant to Estate Agency. Leave less relevant educational qualifications, such as GCSEs and A-levels, to the end of this section.

Interests and hobbies

Avoid cliché hobbies such as going to the cinema, socialising and reading. Try and mention interests that reflect your interpersonal and communication skills. Where possible, these should be positive activities, such as sport, music, drama, gardening, and cooking.

Remember - HR managers are busy people and won’t be impressed with waffle. Restrict your CV to a maximum of two pages. Use brief paragraphs, plenty of headings and spaces. Use bullet point lists too. All these techniques will make your CV appealing to read.

Preferred writing style

Your personal statement and cover letter should be written in the present tense, like this:

I am flexible and find it easy to work fluidly on several projects at once.

It should sound current and direct.

Your work history should be written in the past tense, like so:

“I was responsible for analysing product market trends”.

Avoid cliches, such as “I’m passionate about …”.

Don’t bother showcasing qualities that are regarded as a given in any employment - for example, describing your punctuality and reliability.

Format of a CV

Don’t use imagery, elaborate fonts or graphics. To create the right impression, clarity is vital. When you submit your CV, save it as a PDF. This will make it appear professional.

Check for mistakes

Having taken all this trouble to research and craft your tailored CV, it’s an almost criminal shame to spoil the impact with grammatical and spelling mistakes. Use a spelling checker, such as Grammarly , and there’s no harm in getting someone else to read through and check for errors.

Your Cover Letter matters because it helps the recruiter or hiring manager to find out more about you. Think of your application as a page from a colouring book. Your CV is simply an outline. Your Cover letter is where you add the colour.

Your Cover Letter will give your future employer a deeper insight into who you are beyond your work history and qualifications. If well written, it will complement your CV, enabling you to expand on your skills, expertise and strengths. With a strong cover letter, you’ll be demonstrating to your future employer that you’re the person they’re looking for.

Tailoring your application is just as important with a Cover Letter as it is with a CV. Your Cover Letter is how you will impress your prospective Estate Agent employer by underlining that you’ve considered carefully why you are specifically well-suited to filling their vacancy.

Doing so will:

• demonstrate your genuine, authentic interest in the role
• show how you will benefit the Estate Agency
• highlight your most relevant skills and experience

All of this will put you in pole position for an interview.

You’ll need to use the same research techniques you employed with your CV to find out all that you can about the company.

When crafting your Cover Letter:

• Find out who to address it to so as to make the letter more ‘personal’.
• Research the key skills they’re looking for and include those. Omit elements that are irrelevant. Back each skill with relevant experience.
• You can still include skills and experience that aren’t directly relevant, provided they’re transferable.

In essence, your Cover Letter needs to showcase your suitability for the role and your knowledge of and passion for the property sector.

1. Don’t repeat your entire CV

You need to expand on the highlights of your CV that are the most relevant to the Estate Agent role you’re applying for. You shouldn’t be simply recapping your entire work history.

2. Be specific figures with your evidence and examples

When you can, use specific figures when highlighting your accomplishments. These are much more powerful than general statements. Include a percentage, a timeframe, and an action. For example, ‘I used my marketing skills to develop a plan for the product re-launch. Following my contribution, we increased sales by 17% within two months.

3. Don’t forget soft skills

These matter increasingly to employers. They include skills such as communication, problem-solving, creative thinking and consideration of colleagues. These soft skills aren’t always easy to demonstrate in your CV, so the cover letter is the place for you to showcase them and, again … use specific examples to provide evidence.

4. Explain gaps in your work history.

Are there gaps in your job history? Then use your cover letter to offer a brief yet clear explanation.

Tailoring your CV will allow you to represent your experience and skills in such a way that demonstrates that you are way ahead of the other candidates in your suitability for the role.

Your prospective employer won’t have to spend time working out whether you’ll be a good fit. You’ll have done this job for them!

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Estate agent CV example

When you’re looking for positions as an estate agent, your CV acts as your first impression to recruiters, demonstrating your ability to perform in the role

A combination of a well-defined structure and engaging content is key to producing a CV that will excite recruiters and help you secure an interview.

This comprehensive guide with an estate agent CV example will aid you in creating your own attention-grabbing CV that recruiters will love.

Guide contents

• Structuring and formatting your CV
• Writing your CV profile
• Detailing work experience
• Your education
• Vital skills for a estate agent CV

CV templates 

The above CV example exhibits how to correctly structure your CV, highlighting your appropriateness for estate agent positions by pinpointing crucial elements of your experience.

As this guide continues, I will talk you through how to create a visually pleasing CV that accentuates your skills and experience.

Estate agent CV structure & format

A good structure will enable recruiters to naturally flow through your experience, facilitating ease of reading and emphasising your suitability for estate agent positions without recruiters having to spend excess time digging through your CV.

A clear format is vital to holding recruiters’ attention and providing a professional format.

The infographic below showcases how to correctly format and structure your CV, detailing what sections to include.

Formatting Tips

• Avoid over-crowding your CV with an overwhelming design – use a basic colour scheme and clear font
• Remove imagery such as company logos or photos that waste valuable space, whilst adding no value to your CV
• Your CV should be no longer than 2 sides of A4 , which is adequate space to document your experience without it becoming boring for recruiters to read
• Bullet points, headers and sections should be used to break up large blocks of text, facilitating ease of reading

Structuring your CV

Make your CV easy to navigate by breaking information into distinct sections; using the structure as shown below:

• Contact details – Begin your CV with your contact details, ensuring they are easily accessible
• Profile – An opening paragraph that concisely summarises your industry specific experience, qualifications and skills
• Work experience / Career history – Document your career history, working backwards through your employment
• Education – Evidence your qualifications, specifically those that are aligned to a career as an estate agent
• Interests and hobbies – An optional section where you will be able to include interests that support your application

We will now walk you through how to produce each section within your own CV.

CV contact details

Begin your CV by documenting your contact information, making it easy for recruiters to easily reach you, sticking to the essential information:

• Phone number
• Email address
• Add a link to your LinkedIn profile if you have one

Avoid wasting valuable space within your CV and instead remove additional information such as marital status, date of birth, your full home address or photos which add no additional value to your CV.

Estate agent CV profile

Commence your CV with an intro summary of your experience, industry specific qualifications and skills that emphasise your suitability for estate agent roles, enticing recruiters to delve deeper into your CV.

Your profile  (or personal statement for junior candidates) is a short introductory paragraph at the top of your CV that acts as your first impression to recruiters, like a blurb to a book, giving a concise overview of your experience.

Use the below tips when creating your profile:

• Be unique in your descriptions, avoid clichés and over-used statements such as “I am a team player” and instead tailor your profile to the estate agency industry
• Stick to a length of 5-10 lines enough space for a succinct summary of your experience to engage recruiters, you will be enable to elaborate elsewhere
• Prior to producing your profile; research the sector, adding keywords to make your profile custom fit to the industry, highlighting your suitability for estate agent roles

What to include in your CV profile?

• Previous companies worked for – Whether working for a large corporate estate agent, or small family run business.
• Level of your experience – Whether you are an experienced estate agent, have worked in a consultancy capacity or you’ve just started your career in the industry
• Property knowledge – Have you sold residential homes, offices, or other property types?
• Core estate agent skills – Essential skills such as negotiation, marketing, sales and communication skills

CV profile tip:  If you worry that your spelling and grammar might not be correct, try using our quick-and-easy CV Builder  to eliminate the risk of making mistakes.

Core skills section

Below your CV profile include a core skill section, which is made up of two to three columns of bullet points, showcasing your most relevant estate agent skills.

Giving recruiters a glimpse into your relevancy for estate agent roles at first glance, adding keywords from your sector research or using the vital skills section below for guidance.

Work experience/Career history

Document your career history in reverse chronological order, providing more depth to your most recent positions or roles that are most relevant to estate agent roles.

Providing only a brief overview to older positions, saving space within your CV for the more important roles.

Structuring your roles

Your role descriptions should provide recruiters an insight into your career history, providing an explanation of your roles and responsibilities, as well as the impact you had whilst within the organisation.

Look to split your role descriptions into the three sections displayed below.

Give insight to recruiters by providing a summary of the company you worked for, the department you were part of and your role.

“Working for a large real estate firm in London specialising in both listing and selling residential properties. As an estate agent I was building my own clientele and portfolio of properties.”

Key responsibilities

Bullet point the responsibilities you had within each of your roles, adding in relationships you built within the role or additional duties taken on.

• Prepared documents such as contracts, purchase agreements, tenancy agreements and deeds
• Accompanied buyers during visits and inspections of property, offering advice on the homes condition or value 
• Liaising with property managers to finalise paperwork and push sales to closure

Key achievements

Highlight the impact you had in an organisation by displaying your accomplishments, providing relevant facts and figures to verify these achievements .

• Contributed to the firm increasing their portfolio of properties by 45% last year
• Leased 10 properties in month one, beating target by 15%

Begin your education section by documenting those qualifications most pertinent to a career as an estate agent.

Add courses such as Level 3 CPD Certified Estate Agent Diploma or consider adding degrees in a similar field, for example, marketing, sales or civil and structural engineering.

Look to also add qualifications such as GCSE’s, A-levels, additional degrees and any vocational qualifications if you have room.

Interests and hobbies

This is an optional section that should display hobbies and interests that will add further depth to your CV.

Avoid cliché hobbies such as socialising and reading and instead only include this section if your hobbies are linked to the soft skills required as an estate agent.

Consider interests that reflect your interpersonal and communication skills such as involvement in sporting teams or drama clubs.

Essential skills for your estate agent CV

Whilst each position may be looking for a different specification there are core skills which your estate agency CV should be incorporating:

Sales and negotiation – Delivering consistent sales and negotiating best terms for clients and employers

Local Knowledge – whether selling or buying for a client, an understanding of an area is key to selling the location and it’s amenities

Valuing Property – be able to gather data about similar properties and the local area to offer correct valuations

Commercial Awareness – understanding the peaks and troughs in the market to best advise house hunter or sellers.

Contract Management and Preparation – whether preparing tenancy agreements or partnering with solicitors to compile contracts for a house sale

Writing your estate agent CV

When  writing your CV, it needs to stand out from the competition, grabbing recruiters’ attention and helping you progress throughout the recruitment process.

Structure is a key element of your CV, enabling recruiters’ to easily navigate your experience and pinpoint crucial information.

Using this guide you will be able to create your own eye-catching CV, helping you land an interview.

Best of luck with your next application!

What the National Association of Realtors' settlement means for consumers and real estate brokers

A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms the American real estate market has seen in a century. It could dramatically drive down homebuyers’ costs — and push some real estate brokers out of business.

Here’s a look at how we got here and what to expect in the months ahead.

NAR already lost a big case

For decades, the NAR has required home sale listing brokers to provide an offer of compensation to a buyer’s agent up front. That usually comes out to about 6%, split between a seller’s broker and a buyer’s agent.

But that model has come under intensifying scrutiny from critics who have likened it to a cartel . Late last year, a jury in a Kansas City federal court found the longstanding practice to be a form of collusion that artificially inflated real estate fees, awarding a massive $1. 7 8 billion judgment against NAR .

What changes now for homebuyers and sellers

If the settlement announced Friday is approved by a federal court, the standard 6% commission goes away. Sellers would no longer have to make a compensation proposal to prospective buyers and their agents. Critics have said the encouraged brokers to push their clients toward more expensive properties.

Another new rule would see homebuyers having to sign an explicit deal with a broker before they start working with one — something experts say would lead many homebuyers to forgo using brokers entirely.

The new rules would kick in within months of approval, currently expected around mid-July.

What about the next few months?

Everyone involved in the market should expect “a certain amount of uncertainty for the coming months,” said Marty Green, principal at mortgage law firm Polunsky Beitel Green.

“The industry will be in transition as everyone digests the settlements and market forces begin working,” he predicted. “We will begin to see some creative buyer’s agent arrangements that may have been harder to get traction on before.”

Home buyers and their agents will need to decide on a commission and put it in writing. Sellers, likewise, will need to work carefully with their listing agents as the new rules come into effect.

U.S. consumers might save in the long run ...

The changes could mean buyers will save on commissions, eventually bringing U.S. fees more in line with the much lower transaction costs seen in other residential property markets around the world.

Some commissions could even be cut in half, Jaret Seiberg, housing policy analyst for TD Cowen Washington Research Group, told clients in a note Friday.

The new rules “should lead to commissions falling 25% to 50%, which we view as benefiting online real estate brokers,” Seiberg wrote, but he warned it’s too early to declare “the end of local real estate agents given their local expertise and reputation in neighborhoods. It is why we do not see this following the travel agency model in which online eclipsed local offices.”

... but buyers could face more confusion

Holden Lewis, a home and mortgage expert at NerdWallet, warned of a “potential negative trade-off”: “Buyer-seller negotiations will become more complex, and buyers with plenty of cash might navigate the process more easily than buyers who don’t have a lot of savings,” he said. Seiberg flagged a similar concern in his note, saying it could particularly affect first-time buyers with limited means to pay for an agent.

Brokers and agents have come out against the settlement, saying it will make the home-buying process more byzantine for consumers and discounts the important role agents play in helping them navigate it.

“I’m a full-service real estate agent, so when I go to list my client’s house, I align their goals with my goal, and that goal is selling for the highest amount possible,” said Roy Remick, a realtor based in Northern Virginia, who said he often pays thousands of dollars of his own for services like staging homes to aid the sale process.

“This is ultimately someone saying, ‘You guys make too much money,’ which I don’t think is right for someone to dictate,” he said.

Buyers’ agents will be left “flying blind” since they won’t know how much they’ll end up making from a given home, Remick warned. “We’ll have to make a bunch of phone calls, because now we don’t know what [the commission] is because we can’t see it in the MLS. But we’ve already got an agreement with buyer how much they’ll be able to compensate us.”

Christine Romans is the senior business correspondent at NBC News.

Rob Wile is a breaking business news reporter for NBC News Digital.