Questions to Ask When Choosing a REALTOR®
1. 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.
2. What designations do you hold? Designations such
as GRI and CRS, which require that agents take additional, specialized real
estate training, are held by only about one-quarter of real estate
practitioners.
3. How many homes did you and your company sell
last year?
4. How many days did it take you to sell the
average home? How did that compare to the overall market?
5. How close to the initial asking prices of the
homes you sold were the final sale prices?
6. 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.
7. 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 agent’s obligations lie. A good agent will explain the agency
relationship to you and describe the rights of each party. It’s also possible to
insist that the agent represent you exclusively.
8. 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 agents should generally recommend more than
one provider and should tell you if they receive any compensation from any
provider.
9. 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
an agent sell your home.
10. 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 agent—fast sales, service, etc.—and determine how closely the
agent’s goals and business emphasis mesh with your own.
11. 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?
12. Could you please give me the names and phone
numbers of your three most recent clients?