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Real Estate Agent or Broker

Real estate experts go by a few different names, although the distinction shouldn't matter for you as a first time home buyer. Important is to make certain the broker or agent you chouse is a licensed real estate professional. All real estate brokers or agents are licensed and regulated by each state.

To the average home buyer or seller, the difference isn't much. To become a real estate agent, an individual must complete the required number of classes and pass the agent's exam. To become a broker the agent must than take additional classes, have a specified amount of experience in the field (normally 1 year), and pass another exam. Having a real estate broker license confers certain privileges, including the right to open, run, and own a real estate office, and to work independently without an office. A real estate agent must work for a broker, who is responsible for that agent's actions.

Work With a Broker Instead of an Agent? Not necessary! Although it would seem that a broker may have more experience or be more knowledgeable than an agent, it is not always the case. A lot of excellent real estates agents have choose not to become brokers because they have no intention of ever running their own office. The experience and knowledge of a real estate agent who has been working in an area for ten years will far surpass that of a brand new broker.

Realtors vs. Non-Realtors A realtor is a broker or agent who belongs to the National Association of Realtors (NAR), and subscribes to that organization's code of ethics and conduct. There are about 2 million real estates agents and brokers in the US, of which around 800,000 belong to the NAR. Is it better to work with a realtor than a broker or agent who is not a realtor? Not necessarily, because when you look for an agent or broker you must look for the best, most knowledgeable, and most reliable agent or broker. Don't worry about titles, designations, and how many diplomas he or she has. Finding a Real Estate Agent or Broker Finding a broker or agent who meets your needs and is compatible with your personality can be tougher than it sounds. Buyers who have the worst experiences are often those who just walk into or call a neighborhood shop and ask for anyone at random.

But how can you find a good agent or broker? Here are three valuable suggestions: a. Open your local newspaper to the real estate section and see who runs the biggest ads, week in and week out b. You can ask your parents, relatives, or friends for referrals. But before taking any decision, make sure they had a great experience with the agent they used c. Call your local board of realtors and ask for the names of agents who sold the most property last year.

Choosing the Right Agent or Broker In addition to looking for an experienced agent, try to find one who suits your personality. Working with a real estate is a little like a short-term marriage. Even in the best of circumstances, the pressure will mount and


you may not always like what's happening, or how a situation is being handled, or how a situation is being handled. You'll be in close proximity for an undetermined amount of time - at least 3 to 6 months from start to closing--so it's a good idea to find someone with whom you're compatible. To ensure you're working with the right person, take on the responsibility of interviewing several agents or brokers before you take your final decision. If you simply take a friend's or relative's suggestion, you may find yourself working with the wrong agent or broker, looking in the wrong neighborhoods, and touring homes that are too expensive.

Here are the most important sixteen questions you should ask the agent or broker when you're making the interview: 1. How many years have you been in the real estate business? 2. How many years have you been with this company? 3. How many residential real estate transactions have you complete in each of the past three years? 4. What percentage of your home business is with home buyers? 5. How old are your clients in average? Do they have children? 6. What was the price range of the homes you helped people buy and sell last year? 7. What was the average price of the homes you helped your clients buy and sell? If you want to buy the home of your dreams in less time with less money, than click on the link bellow to discover the most powerful home-buying strategies real estate companies don't want you to know and save at least $13,000 in additional fees & taxes guaranteed. 8. Are you an exclusive buyer broker? Do you ask home buyers to sign an exclusivity contract? 9. Do you charge an up-front fee that is later applied to the commission? 10. What are the primary neighborhoods or communities in which you work? 11. How familiar are you with the schools, crime statistics, and demographics of the various neighborhoods. 12. What style of home do you most frequently work with? 13. Are you a smoker or nonsmoker? (if this is important for you) 14. How many home buyers or sellers do you work with at a given time? 15. How do I reach you? Can I e-mail you? Or phone you at home? 16. Do you work with an assistant? Will I be working with an assistant or with you?

You can find out a lot about agents just by the way they answer these questions. If they bristle and seem reluctant to share information with you, that may be a sign of things to come. If they're open and friendly, and you develop a connection on the phone, you may have found someone with whom you'll enjoy working.

About the author:

Carey Pott is an experienced mortgage broker and owner of January Financial in Foothill Ranch, CA. He has helped hundreds of clients find the best financing for their home purchase or refinance needs. You can find more information on mortgage financing at www.januaryfinancial.com.

Carey is also a frequent contributor to many websites with mortgage articles, including Home Experts Online, www.homeexpertsonline.com.

 

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  • indie artist management economic realities insightful strategies

  • industry pro interview what is uncle sam really entitled to

  • inflation affects more than your money

  • influencing skills how to influence people

  • information technology consultants and professionals how to avoid being seen as just another salesperson

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  • interactive mapping brings information to life

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  • investigate before you invest

  • investorideas launches new investor portal rfidinvesting com to follow developments in radio frequency identification and wireless security applications

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  • i wasnt paying attention where does my money go and how can i get some back part 1

  • i wasn t paying attention where does my money go and how can i get some back part 1

  • japan a tiny leap forward

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  • mobile phones and communication

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  • online or offline business

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  • quality care options announces new employee benefit solution

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  • rapid culture change is possible part 1 of 2

  • rapport how to build it with your team

  • real estate agent or broker

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  • real story a hobo friend for my roommate

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  • reduce your debt how to use debt consolidation to get yourself out of debt permanently

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  • rfidinvesting com presents its first online investor forum for rfid stocks and industry

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  • save money and learn more about your finances

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  • secrets of a 6 figure freelance writer

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  • selling your home a fsbos guide to keeping it safe

  • selling your home a fsbo s guide to keeping it safe

  • seniors and family caregivers now have an advocate

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  • setting financial goals part 1

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  • seventy five years old and still counting henry dreyfuss associates still make an impact on american life

  • seven key tax deductions for the self employed

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  • shareholders meeting changing with times

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  • simple steps to project a professional home business image

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  • small business 101 deadly ignorance

  • small business ownership and whole business accommodations

  • small business q a how to handle the occasional oop see

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  • steps you can take to protect your financial information and personal identity from fraud

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  • stop your employee from becoming your competitor

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  • student credit cards 101

  • student credit cards 101 a students guide to credit

  • student credit cards 101 a student s guide to credit

  • success is out there waiting for you to join it

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  • survival on the road a resource for the on the road sales professional

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  • swipe age what is a credit card machine

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  • taxpayer casualty guide preparing for a disaster

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  • technology brings blackberry thumb to business

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  • the google adsense money checks or extra income checks part 1 of 3

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  • the holy grail of wholesale wholesale secrets revealed

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  • the little things you need to know if youre self employed

  • the little things you need to know if you re self employed

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  • the myth of rankings beyond search engine optimization

  • the organized job search

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  • the pros and cons of holding conferences

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  • the search engine of the future mobility has a pricetag

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  • the seven deadly tax sins commonly missed deductions

  • the seven essential elements to successful business communication

  • the smartest way to buy auto insurance part 1 of 4

  • the stale way to success

  • the student loan

  • the ten key competencies of personal productivity

  • the top 10 time termites and how to exterminate them

  • the top 10 ways for managers to build rapport through listening and stuff

  • the top ten worst work at home scams

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  • the vanishing mail

  • thinking beyond debt consolidation loans

  • thirteen more ways to save 100 a month

  • this is a no real estate guru zone

  • this real estate market about to burst

  • three questions you must ask your loan officer

  • three steps to a professional image

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  • thsi real estate market about to burst

  • time management how to make your meetings more productive

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  • tips for cell phone batteries and usage

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  • toll free virtual pbx systems level the playing field for small businesses

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  • top 10 consumer complaints list

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  • use a virtual office as a profitable alternative to paying high rent

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