Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
Simply put, floor duty is a term that refers to the time a real estate agent spends in the reception area of the office attending to incoming customers every day. It should be noted that the real estate business is not the only business that retains the concept of floor duty. This approach is adopted in numerous other businesses owing to the advantage of maintaining client relations.
The importance of having an agent assigned to floor duty was appreciated when real estate businesses realized that any client or customer may want to contact their offices at any given point in time. Hence, it is vital to have a representative of the business present at all times to address such clients and customers. This concept is essentially maintained to establish good customer relations and develop a clientele.
Floor duty proves beneficial not just for the real estate business as a whole, but for the floor agent on duty as well. Being a floor agent can open up a number of opportunities for you. Most people choose and approach certain real estate businesses based on suggestions and recommendations made by their friends and families. However, this mostly means that customers prefer to approach agents who are well-established in the business rather than new inexperienced agents. Now, if you start with being a floor agent, it allows you to have direct contact with the incoming customers and prospective clients. It gives you the opportunity to make your case and cultivate a strong bond with the clients. This in turn will help you manifest a loyal clientele which will lead to more such referrals and boost your advancement in the business.
Agents of the real estate business may have conflicting opinions about the concept of floor duty. Some find it profitable and constructive on a personal level while others think of it as a distraction that keeps them from playing the field.
