15 Tips For REAL ESTATE AGENT Success

Real auctions 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 property on behalf of the landlords.
In most areas realtors are required to 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 a member of the National Association of Realtors which in addition to a number 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 get the services of an agent.

What Do They Do….

Real estate agents gather two or more interested parties, perform those steps necessary to successfully conclude a transaction and charge a commission for his or her services.
For sales transactions, they charge commission to the seller while for rentals, commission is normally charged the landlord.
moving home Realtors generally calculate their fee as a share of the selling price (in the case of a sale) and as part of the rent for rental units.

How Do They Do It…

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

Why Should I Use One…

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

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

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

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

Furthermore, the very best agents analyze the wants and needs of a home buyer/tenant and offer valuable input as to the kinds of properties available to them within their budget. Therefore, a good real estate 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 real estate agent, working in this manner benefits in at the very least two ways…
First and most obviously, when the real estate agent will be able to successfully complete the transaction the commission is earned and the true estate agent is paid…
and secondly, should they make the customer/client happy they earn a good reputation and often receive referrals (hence more business).

Worth Noting…

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

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