Real Estate

Checklist: Hiring Real Estate Agents

 Following are some tips for enlisting a good agent:
 Hire an agent who is familiar with your neighborhood and the sales activity in your area.
 Decide on your priorities (quick sale, high offer, etc. and discuss with the agent).
 Ask the agent for references and a list of homes he or she has sold in the last year.
 What are the agent's fees and commissions?
 Discuss whether you or the seller will pay the closing fees (or split the cost).
 How often will the agent show you houses?
 Does the agent have a website or national listing service? 
 How long will your contract be active?
 If you are unhappy with the agent, how long after the contract expires can you hire another agent?
Will the agent offer a commission fee reduction if a friend or family member of yours offers to buy your house?

Questions to ask prospective real estate agents.

• Are you a full-time buyers/seller agent?
• How long have you been in real estate?
• Do you normally work with buyers or sellers?
• Can you give me present references?
• Are you familiar with the area in which we want to live?
• What are your strengths in real estate?
• Will you handle the appraisal, inspections and insurance?
• Will you be present at closing?
• Do you offer financing assistance?
• In the last year how many homes do you assist in selling or participate in?  

Service Home Buyers Can Expect As Clients
What real estate agents should do.
-Act under your instructions.
-Tell you how long a property has been on they market.
-Find the best property for you.
-Tell you when a property is overpriced.
-Notify you about new properties on the market before notifying buyers who are customers.
-Provide a compute market analysis, or counsel you on price.
-Show you a “for sale by owner “ property.
-Suggest a minimum deposited.
-Obtain a commission agreement with a “ for sale by owner : property to pay the buyers agents fee on your behalf
-Suggest that your offer be congruent upon your agent presenting the offer to the seller.
-Use negating techniques on your behalf’s to get the seller to accept your offer.
-Show your homes above the price you said you want to see - or can afford.
-Tell you if they think that the seller will take less for the property.
-Help to cheat by negotiating strategy.
-Disclose what other counter the seller has made.
-Call property owner in a particular area  to see if they or another owners want to sell.
-Suggest that you view the property at various times to see traffic patterns, etc.
-Call your attention on any negatives.
-Continue to show properties to you  during the time you are negotiating to buy a particular property.
-Tell your agent that the sellers agent indicated that the seller will accept less than the price listed.

The Buyers Real Estate Agent:  Under the Law of Agency

Fiduciary Duties To His Client
When a buyer engages the services of a broker the buyer then becomes the brokers client. This means that the broker represents the buyer.

The Broker owes the Buyer:
-Obedience
-Loyalty
-Disclosure
-Confidentiality
-Accountability
-Reasonable aure and Diligence.
The Broker must put the Buyers interest first and negotiate for the best price and terms for their client and the buyer.

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