Estate agents have an important role to play when it comes to real estate transactions. The term is used to talk about professionals who deal in the purchase, sale, management and renting out of buildings and properties. The estate agents act on behalf of the seller and ensure that the property is sold at the right price. The estate agents come into the picture when it comes to the negotiation stages between the buyer and the seller. The chief concern of the deal should be such that the interest of both the buyer and seller are looked after. Agents also benefit a good deal from a property deal. In case you have hired an estate agent, you will need to pay a certain percentage of the property deal amount, as settled between you and the agent.