How To Make Your REAL ESTATE AGENT Look Like A Million Bucks

Real estate agents are professionals instrumental in connecting the customer with the seller.
Additionally, many realtors manage rentals wherein they introduce tenants to landlords and oversee the maintenance of the house with respect to the landlords.
In most areas realtors must be highly educated, licensed and are regulated by a governing body.
Some real estate agents may also be Realtors.
To use the title Realtor, an agent must be an associate of the National Association of Realtors which and a amount of other requirements, requires Realtors to stick to a strict code of ethics and offers Realtors additional educational and designation opportunities.
Though not required by rule or law, it may be a wise decision to seek the services of an agent.

What Do They Do….

Real estate agents gather several interested parties, perform those steps necessary to successfully conclude a transaction and charge a commission for their services blossoms by the park.
For sales transactions, they charge commission to owner while for rentals, commission is normally charged the landlord.
Realtors generally calculate their fee as a share of the selling price (regarding a sale) and as section of the rent for rental units.

How Do They Do It…

People who want to sell or rent their property leave details of their property with the true estate agent.
Along with all property details the true estate agent will routinely have keys to the home to facilitate showings.
The other interested party (i.e. the buyer/tenant), gets usage of this information and to the house by contacting the true estate agent.
That’s how the real estate agent becomes a hub of information.
Contrary to some common misconceptions, real estate agents typically represent owner or the buyer but rarely both.

Why MUST I Use One…

First and foremost, to protect yourself. Real estate transactions are highly regulated, highly paper (document) intensive transactions.
The true estate agent possesses a detailed understanding of the laws, rules, regulations, disclosures and documentation essential to successfully complete the transaction to the satisfaction of the customer, the seller and the law.

Because real estate agents are most familiar with local market conditions, it really is wise and makes sense to seek the advice of one to get an idea of the current trends and pricing for properties within that market.
A good agent will know the prices (or price range) of varied properties of different kinds and at various locations within the region.

Because of the property agent’s knowledge and expertise, property sellers often get a few thousand dollars more for their property.

Many home seekers, including seasoned real estate investors use real estate agents to find the best real estate bargains in easy and simple and quickest manner.

Furthermore, the very best agents analyze the wants and needs of a house buyer/tenant and provide valuable input regarding the kinds of properties available to them of their budget. Therefore, a good agent will not just present a list of available properties to the buyer/tenant but will in actuality discuss their needs and make suggestions.

The good agent, working in this fashion benefits in at the very least two ways…
First and most obviously, when the real estate agent has the capacity to successfully complete the transaction the commission is earned and the true estate agent is paid…
and secondly, if they make the customer/client happy they earn a good reputation and frequently receive referrals (hence more business).

Worth Noting…

It is worth noting that there is a myth floating around that real estate agents only focus on behalf of owner, buyer beware.
This is not written in stone neither is it always the case. Realtors are, in most regions, highly regulated.
With few exceptions, real estate agents work either for owner (as is the case with many listing agents) or for the buyer (as is the case for a buyer’s agent).
. Additionally, some areas enable dual agency where an agent can work for both the seller and the customer or as a transaction broker where the agent represents the transaction itself and neither the seller nor buyer individually.

However, in the case of dual agency/transaction brokerage, remember that rule, regulation (law) and ethics do not permit the agent to act in favor of either party while in detriment to the other.
If you are unsure of the partnership between you and your real estate agent, usually do not hesitate to ask.