The Waterfords' logo and colourful adverts have been branded on all sides of the car so it will be instantly recognisable wherever it goes.
"I thought it was an unusual design of car that stood out from the crowd," said managing director Brendan Cox.
"I don't think anyone can miss it, particularly with the design we have used on all the panels.
"With our consultants being out on the road all the time it seemed to make sense to advertise ourselves whilst travelling to and from clients' properties."
The top of the range Smart car will be rotated around the estate agents' five offices, with each having the car for a month.
Waterfords recently teamed up with The Entertainer toy shop in Camberley to hold a ‘Name the Smart Car' competition for children, the results of which are due to be announced shortly.
Waterfords Estate Agents was established in Camberley in 1995 by Brendan Cox and Gary Brooke.
It now has offices in Camberley, Bagshot, Yateley and Chobham, and has recently opened an internet property showroom in Fleet.