Choosing The Right REALTOR

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To find the right REALTOR® or real estate agent, you have to take a little time to do some research. Just like hiring a new employee, interviewing potential agents can help you pick the most qualified professional with compatible experience for your home search.

Where Do I First Find A REALTOR®?

In order to interview potential REALTORS® (who are members of the National Assocation of REALTORS®), first you have to track them down. Try getting personal referrals from friends and family members who have recently bought or sold a home, or perusing your local paper's real estate listings to see which REALTORS® are listed and what kind of properties they are selling.

You can also meet REALTORS® in person by attending open houses. Just remember that while the REALTOR® you meet at an open house can both buy and sell any home, he is currently representing the seller of that particular property. If you like a house you have recently seen, try to seek out another REALTOR® who can represent your interests during the transaction.

Important Questions To Ask Your REALTOR® Or Real Estate Agent

The only way to truly know if a REALTOR® is right for you is to ask pointed questions about his experience, abilities and areas of expertise. Some important questions to ask include:

1. Can you put me in touch with mortgage providers, home maintenance professionals and people to help with other services I may need?

2. How long have you been in real estate sales?

3. How many days on average does it take you to sell a home and how does that compare to the market average?

4. How many homes did you and your real estate brokerage sell last year?

5. Is this your full-time job?

6. What kind of support do you get from your brokerage office?

7. What's your business philosophy?

8. Will you represent just me, or both parties in the transaction?

Make sure you raise any other questions or concerns you have at the initial interview. This way, you can reduce the chance of making a bad hire and save yourself from repeating the process all over again.

How Much Will A REALTOR® Cost?

Evaluating the potential costs of a REALTOR® can also help you narrow your search as you look to buy and sell a home. The average commission that a REALTOR® earns is 6 percent of the total sale, but this sum is usually cut in half between the REALTORS® who represent you and the other party. After that, a REALTOR® must share some of the commission with his real estate company.

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