The world of real estate is a complicated one, so it makes good business sense to work with a home realtor, commercial real estate broker, or other real estate professional to help you through your real estate transactions. Make sure you find a real estate agent with experience and a good reputation.
Here are the top benefits to working with realtors:
- Real estate agents and brokers must be licensed by the state to collect money from representing another person in a real estate transaction.
- Find a real estate agent to take most of the responsibility and time commitment of home buying/selling off your shoulders.
- Real estate referral websites offer a way to screen real estate agents and brokers before you choose one.
Get customer real estate referrals to locate the top real estate agents and brokersOne popular way of finding a real estate agent is through the real estate referrals from other customers. Go through a real estate referral website, and/or ask the real estate broker for a list of references you can contact to learn more about your realtor-to-be.
Find your realtor through well-reputed home realtor companiesReal estate agents and brokers vary greatly depending on the realtor companies with which they're associated, their skills, and dedication to the job.
Work with a member of the National Association of REALTORSA Realtor is a real estate professional who is a member of the National Association of REALTORS (NAR), the world's largest professional association. A real estate professional who is NOT a member of NAR may not refer to him/herself as "Realtor," but rather as a real estate professional, real estate broker, or real estate agent.
Find a real estate agent for your business needsWhether you're looking for the best real estate agent for your home or business needs, there are real estate professionals who specialize in your real estate needs.
Choose real estate referral websites for local home realtor referralsThere's no substitute for a real estate agent who knows about, works in, and lives in the community where you're looking to buy/sell.
Evaluate real estate agents and brokers through other agentsDon't be fooled into thinking that "top producer" real estate agents (AKA top sellers) are the best realtors out there. Ask other realtors for referrals to the real estate professionals who will offer you a customer-centric experience.
- In some states - or within some home realtors' listing agreements - the realtor is entitled to a commission even if you show/sell the home to a buyer you found on your own, if the listing agreement is still in effect.
- Find a home realtor who is well-versed in financial matters, including specialized loan products.
- There are a variety of seller's listing agreements out there, so be sure you understand your choices before signing anything.
- Look for a real estate agent or real estate broker whose schedule allows him/her the flexibility to meet with you after work, on weekends, or at whatever time is good for you.
- By law, the real estate agent's commission must be negotiable (between the realtor and client).
- Real estate professionals most often charge their commission as a percentage of the purchase amount of the property.