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Real Estate Consultant Agreement Template

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Updated on January 5th, 2023

real estate consultant agreement is used to hire an independent contractor to provide real estate advice to a client. Depending on the situation and their expertise, the consultant may be required to give suggestions regarding the purchase, construction, renovation, or sale of property. The terms of the agreement will include the scope and duration of the assignment, the consultant’s compensation, the division of expenses, and any commission or retainer they may be entitled to receive.


What is a Real Estate Consultant?

A real estate consultant is an expert in their field who can analyze investment opportunities and provide objective recommendations to their clients. Consultants are most commonly hired to provide advice regarding the purchase, sale, or leasing of real property. They can also provide consultation services for the development and construction of properties.

Real Estate Consultant Vs. Real Estate Agent

Although a real estate agent can also provide consulting services, there are clear differences in the two roles:

A real estate consultant doesn’t need to be licensed or a member of an association and works in an advisory role to their clients. They do not list, sell, or purchase property as a consultant.

A real estate agent must be licensed and join the local, state, and national real estate associations. The agent’s job is to list, sell, or purchase property on their clients’ behalf.

Types of Consulting Services

General Consulting

Provides consulting services to corporate real estate groups, business owners, lenders, trusts, and corporate real estate groups, generally performing analyses, lease advisory services, market research, and portfolio management.

Property Development

A property development consultant advises developers on market trends, potential building sites, and project feasibility.

Real Estate Investment

Helps to manage a client’s real estate investment portfolio by researching potential property investments and providing a risk analysis.

Residential Purchases

Consults individuals on the purchase of a residence, providing objective recommendations.

Frequently Asked Questions

Do real estate consultants need a license?

No. Individuals do not technically need a real estate license to work as real estate consultant. However, being licensed and joining the National Association of Realtors will improve their profile and may be required to work at a firm.

Can any realtor act as a consultant?

Yes. Realtors can work as real estate consultants. However, they will need to avoid conflicts of interests in which they represent both the buyer and seller.

Is there any required training?

No. Technically, real estate consultants do not need any specialized training but it’s generally expected that professionals have completed pre-licensing courses. Furthermore, the majority of real estate consultants have a bachelor’s degree.