Questions to Ask When Choosing a REALTOR®
- How long have you
been in residential real estate sales? Is it your full-time job? (While
experience is no guarantee of skill, real estate, like many other
professions, is mostly learned on the job.)
- What designations do
you hold? (Designations, such as GRI and CRS®,
which require that real estate professionals take additional,
specialized real estate training, are held by only about one-quarter of
real estate practitioners.)
- How many homes did
you and your company sell last year?
- How many days did it
take you to sell the average home? How did that compare to the overall
market?
- How close to the
initial asking prices of the homes you sold were the final sale prices?
- What types of
specific marketing systems and approaches will you use to sell my home?
(Look for someone who has aggressive, innovative approaches, not just
someone who’s going to put a sign in the yard and hope for the best.)
- Will you represent
me exclusively, or will you represent both the buyer and the seller in
the transaction? (While it’s usually legal to represent both parties in
a transaction, it’s important to understand where the practitioner’s
obligations lie. A good practitioner will explain the agency
relationship to you and describe the rights of each party. It’s also
possible to insist that the practitioner represent you exclusively.)
- Can you recommend
service providers who can assist me in obtaining a mortgage, making
repairs on my home, and other things I need done? (Keep in mind here
that real estate professionals should generally recommend more than one
provider and should tell you if they receive any compensation from any
provider.)
- What type of support
and supervision does your brokerage office provide to you? (Having
resources, such as in-house support staff, access to a real estate
attorney, or assistance with technology, can help a real estate
professional sell your home.)
- What’s your business
philosophy? (While there’s no right answer to this question, the
response will help you assess what’s important to the real estate
practitioner—fast sales, service, etc.—and determine how closely the
practitioner’s goals and business emphasis mesh with your own.)
- How will you keep me
informed about the progress of my transaction? How frequently? Using
what media? (Again, this is not a question with a correct answer, but
that one reflects your desires. Do you want updates twice a week or
don’t want to be bothered unless there’s a hot prospect? Do you prefer
phone, e-mail, or a personal visit?)
- Could you please
give me the names and phone numbers of your three most recent clients?
Reprinted from REALTOR®
Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®
Copyright 2005. All rights reserved. - www.REALTOR.org/realtormag
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