Though a real estate agent may be passionate about their job, you should observe some rules to avoid crossing the line. As you shop for a home with the assistance of an agent, you should maintain good terms with them to minimize conflicts. If you plan to get your own agent, learn simple protocols to follow.
Understand how agents are paid. Most of the agents work on commission as opposed to earning a monthly salary. For an agent to receive the commission, they have to close the transaction successfully. Agents are therefore motivated to deliver the best work for them to get paid in the end. You should therefore not expect any real estate agent to work for free even if you are friends. Avoid requesting an agent to work for you if you know you will cut them out of the deal.
When you make an appointment with a real estate agent, you need to observe punctually. Most of them are quite busy and work with different clients. Do not ask them to meet you without prior plans since they may not make it. If you make other plans, inform the agent before the appointment. You have to show respect and be punctual for meetings.
You should also learn how to choose the right real estate agent. Determine if you want representation and the specific type of agent you should choose. As you vet an agent from realtybiz, let them know that they are still in the interview stage. Avoid interviewing two agents from one company. If you choose to work with a buying agent, never contact the listing agent. These agents represent the seller and not a buyer. Avoid asking a listing agent to represent you since it could lead to a conflict of interest.
If you ask a listing agent to show you some houses, you give them the leeway to represent you. You should also be aware of the open house protocol. It is never a good idea to attend an open house event alone. Your agent should escort you so that you can make the most out of the opportunity. You agent should be the one asking questions at the event on your behalf.
When you hire a buying agent, ensure you sign the buyer’s broker agreement. This helps you form a relationship with the expert. The agreement outlines the duties of the real estate agent as well as your specific duties as the buyer. If you are not willing to sign this agreement, you should not ask the agent to start showing you different properties. The agent should release you from this contract if you are not contented with their services.
Agents also provide an agency disclosure which you are requires to sign. Ensure you go through this document before signing. You should also state your expectations before you start working with the agent. Inform them about the mode of communication you prefer and speak up in case you have any pressing issues.