How
to Choose a REALTOR® Buying or selling a property is not any small matter. It requires
time, energy, expertise and sound financial planning. Therefore,
it’s essential to have the right guidance when it comes
to such a massive undertaking.
Before grabbing the phone book and calling the first person
listed under the real estate section, it’s important
to do some research to ensure your real estate agent is best
suited for your needs. Below is a checklist of items to help
make this process a little smoother.
Must be Licensed by the Texas Real Estate Commission
(TREC)
It is essential that a real estate professional be licensed
by the Texas Real Estate Commission (TREC). This ensures that
the real estate agent is legally qualified to perform real
estate transactions in Texas. In order to be licensed by TREC, a salesperson
must have 270 hours of classroom instruction in real estate
and work under the sponsorship of a licensed broker. To become
a broker, licensees are required to have 900 hours of real
estate education. Information on all licensees can be found
on the TREC Web site, at
www.trec.state.tx.us.
Select a Member of the National Association of REALTORS®
It’s also important that the real estate professional
is a member of the National Association of REALTORS® (NAR).
All REALTORS® are members of NAR and answer to a higher
standard of professionalism. REALTORS® must follow the
ethical and professional guidelines set forth in the REALTOR®
Code of Ethics and are monitored based on these principles.
View the REALTOR® Code
of Ethics
Get Recommendations from Past Buyers or Sellers
Word-of-mouth is one of the most effective forms of finding
a knowledgeable expert in any field. The same is true for
real estate. Chances are if someone has had a positive experience
with a REALTOR® in the past, then it’s likely that
REALTOR® will provide the same services again.
Know Your Rights as a Consumer
A consumer who is represented by a REALTOR® should be
able to rely on certain basic services that include:
- Developing, communicating
and presenting offers, counteroffers and related notices
- Accepting on behalf of and
presenting offers and counteroffers to the client
- Being available to answer
the client’s questions relating to these offers.
Although most REALTORS® go
beyond this basic call of duty, it is essential to know what
is expected from your real estate agent.
Do Background Research
Be sure to check with TREC and confirm that your REALTOR®
does not have a record of disciplinary actions from previous
dealings. Call TREC at 1-800-250-8732.
Ask Questions
Consumers have the right to know. Therefore, it’s important
to plan a face-to-face chat with your prospective REALTOR®
before signing anything and having a list of questions ready
for the REALTOR® to answer. Questions should include:
- How much experience does the REALTOR® have in your
area?
- What services does he or she offer?
- How hard is it to reach the REALTOR®?
- How long are homes in your area typically on the market?
- How does the REALTOR® suggest pricing your home (if
selling)?
- How will the REALTOR® market your home (if selling)?
- How will the fee be determined for the services provided
by the REALTOR®?
- What disclosures should you receive?
Choose a REALTOR® That’s Easy to Work With
No matter how educated and experienced a REALTOR® might
be, if he or she has a personality flaw that the consumer
can’t look past, it’s best to continue the search.
Not all personality types click, and it’s a good idea
to find a REALTOR® that is easy for the consumer to work
with so that a personality clash won’t get in the way
of the big picture.
Keep the Lines of Communication Open
Although REALTORS® tend to be great at many things, mind-reading
is usually not one of them. Be sure to tell your REALTOR®
if you have any questions, concerns or needs that should be
addressed. Buyers and sellers should call their REALTORS®
the second they’re not satisfied with the real estate
service they’re receiving. If a complete communication
breakdown occurs, the consumer can always ask the broker to
intervene, but this is generally used as a last-resort measure.
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