Jul
14
Everything You Ever Wanted to Know About Real Estate Agents
The longer I work as a real estate broker, the more I am convinced that my profession should do a better job of educating the public about agents and brokers. Few home buyers and sellers seem to really understand how real estate agents work, or how to follow protocol, who pays us and why we do the things that we do. Ask what the public does know, and you’ll hear all kinds of myths.Because real estate agents can make or break your deal, you owe it yourself and to your financial future to understand how agents work. Do you know the difference between REALTORS® and real estate agents? Do you need an agent or would you be better off doing it all yourself? Which type of real estate agency might be best for you, dual or single? Should you sign with a buyer’s broker? Can you go to open houses and call other agents if an agent is e-mailing you listings? How are real estate agents paid and who pays them? What are the different types of listing agreements? Find out the answers before you start looking for an agent to represent you.
About Finding and Hiring Real Estate Agents
I hate to admit this but I was once hired to sell a half-million dollar house simply because I was standing in the street, wearing my name badge and yakking on my cell. The seller spied me from her front porch and said, “Hey, you look like a real estate agent. I wanna sell my house!”
Speaks volumes about agents, doesn’t it? She was lucky. I knew how to price her home.But I could have been Joe Blow from Kokomo (no offense to those from Indiana).
