Interview at most three potential agents, and then choose the one that will best represent your interests throughout the whole process.

A professional agent can help you make informed decisions and avoid costly mistakes when selling or buying a house.

Not every agent is right for you. This article will help you choose the right agent for your needs.

Real estate agent basics

It’s important to understand what you can expect from an agent before looking.

What is a real estate agent?

Agents can help homeowners buy or sell their homes. Agents inform their clients about the current market, guide them through every step, and refer to other professionals such as real estate lawyers and home inspectors. The agent’s title will vary depending on who they are representing in a real estate transaction.

• A buyer’s representative assists buyers in finding and shopping for homes on the market, making competitive offers and negotiating with sellers.
• A listing agent assists sellers in pricing, marketing, selling their homes, and negotiating with buyers.

Sometimes, agents can represent both parties in a transaction. However, it is best to have an agent who represents you only.

Realtor vs. real estate agent

Real estate agents are not all Realtors. Realtors are licensed agents that are members of The National Association of Realtors. All members agree to adhere to the association’s standards and code of ethics.

Real estate agents must be licensed in their state and adhere to all laws. Agents must complete coursework and pass an exam to be certified. Check with your state’s website for the real estate commission to find out if an agent is authorized.

There is a difference between a broker and a real agent.

Real estate brokers have completed additional training to obtain a license as real estate brokers. To become licensed, brokers must pass an exam and complete required coursework in their state. Brokers can supervise other agents or work independently.

How to interview and find real estate agents?

Refer friends and colleagues to help you find potential agents. Check out the websites and online profiles of potential agents to learn more about their experience and specialties, as well as customer reviews.

Interview at least three agents and know them in detail about their relationship with you.

Real estate agents should be able to answer questions for buyers and sellers.

These are the most important things to know, regardless of whether you buy or sell a house.

Can the agent represent me?

It is easy to assume that any real estate agent will only represent your interests. In some cases, however, real estate agents don’t have to represent only the seller or buyer in a transaction. A “dual agent” can represent both the buyer and the seller in a transaction. However, a “transactional agent” works with both parties but is not liable for any fiduciary duties.

It is important to understand your agent’s role when they work with you. The Consumer Federation of America advises that you ask prospective agents whether they will represent your interests throughout the process and to request a written agreement detailing the relationship.

What training and experience does the agent have.

What training and recognition has the agent received? How long have they been working with clients? You want an agent who has a track record of helping clients like you.

Can the assistants or agents work with me?

Sometimes agents have assistants who work for them as part of a team. Do you prefer to work with the assistants or the agent? A team that works well can meet your needs, but you need sufficient access to the agent.

What is the salary of an agent?

The seller usually pays the commission. However, the listing agent splits the commission with the buyer’s agent. The typical real estate commission is between 5% and 6% of the sale price.

According to the Consumer Federation of America, you might be able to negotiate a lower rate as the seller, especially for high-priced properties. You can request a rebate from the buyer agent for a portion of your commission.

Although agents may not be open to discussing commissions, it is worth asking.

Buyer tips for finding a good real estate agent

You should consider these things when looking for an agent to help with your home purchase.

• What are the challenges I will face as a buyer today? Good agents will help you set realistic expectations and explain the availability of homes for sale and the competition that other buyers face.
• What will you do to help me find homes within my price range? Ask for examples of the recent work done by the agent to help buyers like you. This will help you feel how the agent will handle your needs.
• How can you help me negotiate with sellers and make competitive offers? Find an agent who can help you stick to your goals and budget.

How to select a realty agent?

Compare the experience and methods of agents and their ability to build rapport. Are you able to work with this person? Select a competent agent whose work style matches yours.