Questions to Ask a REALTOR

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Posted: 05/01/2008-22/09/2010 || Rate this Article: 3 || Views

When you are ready to select a REALTOR, here are a few questions you can ask.

Make sure the REALTOR presents a "listing presentation" to you. This presentation should answer many of these questions. If you will need a buyer's agent, also make sure everything is explained up front.

- How long have you been a REALTOR? Full or part time?

- What professional organizations do you belong to?

- Do you have a valid Department of Real Estate License?

- What is your responsibility to me as your client?

- Do you represent both buyers and sellers at the same time? If so, Who's best interest are you looking out for?

- How will you keep me informed of new listings that I may be interested in?

- What does the listing agreement entail, what are the beginning and expiration dates, and what are the fee amounts I will be paying?

- Is there a charge or contract when working with buyers? (Some brokers/agents DO have contracts and fees)

- What is your marketing philosophy? Ask for their complete marketing plan A-Z.

- What can the Realtor's company do for you?What is their company's share of the local market? Are they part of a large or world wide referral network?

- What types of things separate you from your competition and will you give me some feedback?

- How effectively will they advertise? Do they have 24-hour advertising capability?

- What disclosure laws apply to me and what do I need to be aware of?

- How does the Realtor market to other Realtors?

- Are they a Realtor or a Real Estate agent? (There is a difference)

- Does the Realtor have a strong internet presence? If not, why? Will your home have enough exposure for all potential buyers to view? (85% of buyers go to the internet first)

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