Real estate agents are a vital part of your real estate experience. Landing the right agent is an important first step whether you are buying or selling in the real estate industry.
Real estate agents are important. First, they bring a plethora of skills and knowledge that support you all throughout the process. Their presence also brings an air of professionalism that can aid the sale or purchase of a property.
If they are good to work with and professional enough, they could attract other agents who could help spread the word.
Also, there isn’t much to lose here. If the house isn’t sold for example, they don’t get a cut.
Now that you’ve learned why a real estate agent is important, here are three questions you need to ask when interviewing a real estate agent to ensure you get the best one possible for your transaction.
Ask if They Are Part of a Team
It is imperative that you find out whether the real estate agent you are speaking to is part of a team or not.
An agent with a team has a great number of benefits. Different members of the team have different pieces of knowledge and levels of knowledge that can help in different situations.
However, the real estate agent should disclose the arrangement upfront and as clear as possible. The worst thing that can happen is expecting to work with one agent and then being passed around from agent to agent. This could cause more problems than it solves.
Ask How Long They Have Been in the Real Estate Industry
This is quite an important question to ask. The reasoning behind its importance lay in how their payment system is structured: commissions.
While years of experience does not necessarily reflect the capability and success of an individual, in real estate the agents get by with commissions. It would be particularly hard for an agent to survive for several years without much commissions.
So, if you find an agent that has been working in the industry for numerous years, it would be fair to assume that they have a good closing record. And you want a person who closes deals on your team.
Additionally, a longer term in the industry will mean more experience for many different types of situations. This is a good thing as they will less likely be rattled when new circumstances arise.
Ask How Many Buyers and Sellers that they Have Worked With
Usually, when you talk to a real estate agent, you find out that they work predominantly with either buyers or sellers.
It all boils down to experience for this one. If you are selling, but the agent you are questioning is mostly only familiar with buyers, then you may not expect him to understand what is going on in a seller’s mind. The opposite also holds true.
Apart from that, if you find an agent who has experience with both buyers and sellers, then you may only need one real estate agent for multiple transactions throughout your life.
Real estate agents are an essential cog for any transaction. Be sure to ask these questions and pick the right one for you.
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