What is a realtor? And why should you use one?
Only
real estate skillful who are members of the national association of realtors
can call themselves Realtors. Those who are non-members can call themselves
real estate agents or salespeople. There are several amazing benefits of using
realtors over a salesperson.
All
realtors (members of the national association of realtors) are bound to a
strict code of ethics. Their code is based on professionalism and protection of
the public. Random real estate agents do not have to abide by these codes. If
you choose to use a realtor, you can be sure that they are honest and ethical
in all aspects of real estate and business. If they are not, they will not have
a realtor for a long time.
One of
the biggest of hiring a realtor over an agent is access to the MLS, the
multiple listing services. This is a private service that only realtors use to
share the listing with other realtors. If you hire a Realtor, they put your
house on the MLS, and hundreds of other Realtors can easily access the data and
find a buyer for a house you are selling. Or you realtors can access other
realtors listing to find you the house that requires your criteria the best.
Some
of the principals that realtors must follow include:
Protect
and promote their clients
The Best
realtor in Canada knows what the client’s wants and needs are.
For example, a good realtor will know what a client can afford in a home
payment and will not put anyone in a home that they cannot afford in a home
payment and will not put anyone in a home that they cannot afford or will have
trouble making their mortgage payment. They will also make sure that their
clients have got home inspections done on their potential house to ensure they
made a good buy.
Realtors
should make knowledgeable and commitment in the field.
It is
important to find a realtor who studies what is going on in the real estate
industry. A good realtor will know if the market is starting to dip, rise, or
stay flat. How do they know this? Well, realtors are in the MLS, out looking at
houses and studying the market every day. If a realtor does not somehow keep
track of what they are seeing, then they have failed as realtors and as your
hired gun.
Many of
realtors out there who think their only job is to sell houses. But the job of a
good realtor is to know every aspect of the real estate industry from
residential, commercial, and real estate investing.
There has been great feedback from buyers and sellers in the past few years about working with the realtors. Sellers are reporting that an agent’s reputation is the most important factor in selecting the realtor they did. Is that true with you? I believe that working with the best realtor in your area is important. Everyone wants to work with the best one.
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