Beware The REAL ESTATE AGENT Scam
You may be likely to sell your home or purchase a new home. In any event, you’re probably searching for a great real estate agent.
Realtor, Real Estate Agent – is there a difference?
There are Realtorsï¿½ and there are real estate agents. These are not synonymous terms. A real estate agent is licensed to “represent a buyer or perhaps a seller in a genuine estate transaction in exchange for commission.”Realtors typically work for a real estate broker or Realtor.
A Realtor also is licensed and could sell property as either an agent or a broker. There are completely ethical real estate agents and Realtorï¿½. The primary difference is a Realtor has made yet another commitment to honor the 17-article code and profession of the real estate business.
The search and some questions
Looking for a great real estate agent means that you can be asking questions, so let’s start building your list of questions:
Referrals: ask your friends, colleagues, and relatives for referrals. Most people who have had a confident experience working with a realtor will gladly describe their experience and why they feel their agent was exceptional.
Referrals from professionals: it is certainly appropriate to ask real estate agents for referrals. Lender representatives, especially mortgage brokers, are likely to be aware of exceptional agents.
Open houses: likely to open houses is an excellent, non-threatening way to meet auctions. Focus on the agent’s manners and appearance, his/her professionalism, and the quality of promotional material provided at the open house. Does the agent seem knowledgeable about the property and the local market? Is the agent prepared to explain the home’s features, or does he basically ignore visitors?
Once you have a generally favorable impression of a realtor, be sure to collect a small business card and make notes of one’s observations.
References: intend to interview several agents before deciding and signing a buyer’s agreement. Through the interview, ask each candidate to provide referrals of recent clients and call those referrals.
On nordelec of questions to ask are what were the asking and prices of their properties, and how long the home was on the market?
Take time to look up the estate board of licensing services to verify that the candidate happens to be licensed and whether any complaints or disciplinary actions have already been filed against the agent.
Experience: how long has the agent been in business? You should be searching for the agent who thoroughly knows the neighborhood market in which you’re selling or planning to purchase your home. It takes time and energy to build expertise and market knowledge. One agent recommends that any viable candidate must have at the very least five years’ experience.
May be the agent full- or part-time? You need to expect, and ask for, a full time agent.
When evaluating the qualifications of auctions, look at their websites and current listings. Your future agent should be web and technology savvy, using all current media to assist you find your perfect home or sell your present one. The agent should also be able to communicate reliably and regularly utilizing the form(s) of contact you like – fax, phone, text, or e-mail.
Ideally, your prospective agent is busy but not too busy to effectively represent you. In the event that you feel that the candidate is not committed to giving your sale or purchase full and enthusiastic service, or is ready to hand you over to an “assistant”, move o