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10 Things You Should Ask a Real Estate Agent
Having the right real estate professional by your side can
greatly improve your home-buying experience. A good rule of thumb is
to interview a minimum of three candidates. Here are 10 questions to
ask during an interview:
- Are you a full-time professional REALTOR®? How long have you
worked full time in real estate?
- What geographic areas do you specialize in?
- Do you have a Website? What information can I find there?
- How will you keep me informed during my home search and
throughout the transaction?
- Do you have a staff or a team? If so, what roles will they
play in my transaction?
- Will you show me properties from other companies’ listings?
(Some real estate companies do offer their buyers’ agents a
higher commission if they are able to sell “in-house” listings.
In those instances, there can be added incentive to limit the
range of homes you are shown. This may affect your home search
and how much your agent’s fee will be.)
- Will you represent me exclusively, or will you also
represent the seller? May I have that in writing?
- How will you get paid? How are your fees structured? May I
have that in writing?
- What distinguishes you from other real estate agents? What
is your negotiating style?
- May I contact some of your recent clients as references?
Do you have a performance guarantee? If I am not satisfied with
your performance, can I terminate our buyer agency agreement? (In
the heavily regulated world of real estate, it can be difficult to
offer a performance guarantee. Typically, agents will outline
verbally what you can expect from their performance. Keller Williams
Realty understands the importance of win-win business relationships:
The agent does not benefit if the client does not benefit.)
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