People often make assumptions when it comes to real estate agents, and they think agents are miracle workers, that can make you the best deals on the market. Since they are working for a commission, real estate agents try to offer you the best conditions and the price, but sometimes, not everything depends on them. Agents love working with people, but there are always some individuals that cross the line. But, if you want to understand how estate agents work and find out their protocol, then we are going to tell you a few simple rules.
Commission is their salary
Really small percentage of agents work for pay because they have flexible working hours and fee is a much better option. In fact, even people who hire real estate agents should be relieved that they work on commission. But, why is that? It’s simple if they don’t close a deal, they don’t get paid. You need to understand that agents aren’t public servants and they work costs. You shouldn’t hire him if you don’t intend to pay him.
Always be on time
Real estate agents are people as well, so don’t expect him to ditch everything and come rushing at your call. Considering the real estate market, agents have a lot of work, and you are not his only client. Also, don’t make appointments with your realtor and then forget about them. Their time is programmed, and they have their day planned out. If you are running late, at least tell him and ask him if he can wait for you. It is rude and disrespectful when you don’t appreciate agent’s time, after all, he is there to help you sell or buy your property.
Don’t mix listing and buying agent
These two are entirely different things, listing agent works for the seller and not for the buyer. For example, if you decide to hire a listing agent, such agent will not work for a dual agency. The listing of a real estate agent shows the property, and will expect to represent you. In this case, the listing agent doesn’t want to perform the job of buyer’s agent, so don’t combine these two.
Sign an agreement
You have probably heard of buyer’s broker agreement; it regulates the relationship between client and agent and shows the agent’s duties. On the other hand, if you are not ready, or you are not sure whether you want to sign an agreement with your agent, then don’t ask him to show you the properties. Otherwise, a procuring clause may appear. Before you sign a contract, ask your agent whether he will release you if you are not satisfied with the service. If he says no, then find someone else.
Make sure everything is clear
For example, don’t sign things and agreements you don’t understand, if necessary, consult with a lawyer. Also, make sure your agent knows your expectations and desires. Establishing a beneficial relationship with your agent is crucial. In this case, both parties will be satisfied.Read More