In today’s market, hiring the right agent to sell your house has never been more important. Hiring the wrong agent can delay the sale of your house for months. You need to interview an agent to learn about their background, to see what they know about your neighborhood, and to find out if they are a good fit with you and your lifestyle. Here are some important questions you should ask each agent you interview.
. . . → Read More: Effective Real Estate Agent Interview Questions
When narrowing down the field of agents to interview, analyzing an agent’s track record helps to separate the agents that can sell a house from the agents that just interview well. These stats will help you weed out the bad agents from your list of prospective Realtors.
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On August 22, 2011, AgentHarvest announced that it will create and maintain The AgentHarvest Top 3, a ranking of top-selling real estate agents and share that list with its clients for free. The first metro area will be the Dallas/Fort Worth Area. Other areas in Texas and the rest of the United States will follow. AgentHarvest is a free real estate agent finder service that helps buyers and sellers find top producing real estate agents by continuously tracking the activity of top producing real estate agents in DFW to find the best available real estate agents for our clients. Due to consumer demand, AgentHarvest decided to make this list available to the public as The AgentHarvest Top 3.
. . . → Read More: The AgentHarvest Top 3 – A Ranking Of Top-Selling Real Estate Agents
Homeowners should demand a minimum level of service from their agent before they’re hired. Here are some of the performance level minimums that clients should force their agents to provide. Most homeowners are not aware of what duties a real estate agent performs so it’s really easy for lazy real estate agents to get away with sub-standard performance. That’s why it’s important to let the agent know what you expect before you hire them and let them know that you will terminate the contract if the agent doesn’t meet your minimum levels of service standards. Here are a few of the services you should demand from your agent.
. . . → Read More: Minimum Level Of Service Clients Should Demand From An Agent – The Client’s Bill Of Rights
If you’ve been talking with Texas real estate agents, looking for someone to hire, every agent you interviewed should have given you a copy of the “Information of Brokerage Services” form and asked you to sign a copy for their records. By now, you’re probably thinking, “what is this form and why is every agent insistent on my signing it?” First of all, don’t worry, this form doesn’t obligate you to anything and, with the exception of open houses, every real estate agent licensed in Texas is required to present you with a copy of this form on your first meaningful contact with that agent. If an agent you’re interviewing doesn’t show you this form then don’t hire them. If they fail to follow this state mandated requirement, what other disclosures or representation agreements will they forget to show you?
. . . → Read More: Information About Brokerage Services Form Explained In Detail
In the real estate education curriculum, there are probably more seminars that teach an agent how to give an interview presentation than there are classes on how to sell a house. Sadly, most homeowners fall for the highly polished, highly rehearsed presentation and hire the agent without really knowing if they can sell a house. If you follow these interview secrets, you can find out the true worth of your prospective agent.
. . . → Read More: Realtor Interview Techniques That Get Results
Did you know that all disciplinary actions filed by the state of Texas, against a real estate agent, are available to you through the Internet? If you want to find out which Texas agents the Texas Real Estate Commission filed disciplinary actions against you can go to http://www.trec.state.tx.us/complaintsconsumer/DiscipActions.asp. On that site, you can search by month, city or agent name to find what, if any violations have been filed that fall under your search criteria. I recommend that you search this list before hiring any agent, or your complaint could be the next one filed.
. . . → Read More: Want To Know Which Real Estate Agents Are Naughty?
Does the Realtor’s Code of Ethics and the Texas Real Estate Commission’s Canons of Professional Ethics and Conduct Conflict with a Realtor’s Fiduciary Duties to their Buyer Clients? This discussion focuses on an agent’s participation in a buyer client’s potentially discriminatory request, and how strictly observing the Code of Ethics and TREC Canons may conflict with an agent’s fiduciary duties to that buyer client. None of this discussion pertains to the selling client, which I consider to be a different situation entirely.
. . . → Read More: Does the Realtor’s Code of Ethics Prevent Real Estate Agents From Serving Their Clients?
A real estate agent that inflates a list price beyond reality just to get the listing is deceptive and may be harmful to the sale of your house. The deceptive practice of inflating the list price is effective because the client wants to hear that their house is worth a high price. Bad agents are more than eager to feed into this delusion. Good agents base their suggested list prices on real conditions so they will be lower than an inflated price. If you want to get the most for your house, and everybody does, you’d naturally pick the real estate agent with the inflated price. Now you’re falling victim to the Inflatable Agent’s trap. I see this sort of thing happening all the time. If all of the real estate agents were honest with their recommended pricing, the list prices should be very similar. Never use price as a factor for choosing an agent. Here’s why it will work against you.
. . . → Read More: Beware of Real Estate Agents That Inflate List Prices To Get Listings
Not every real estate agent is worth having. How can you tell a good agent from a bad real estate agent? Here are the top 10 signs that you might have hired a bad real estate agent…
. . . → Read More: Top 10 Signs That You Hired a Bad Real Estate Agent
Most people will tell you that real estate agents are all the same so it really doesn’t matter which one you decide to hire. If you practice that philosophy, you are guaranteed to have a hard time selling or buying a house. Top producing real estate agents know the market and know how to position your house to sell in that market. They sell houses like chefs prepare exquisite cuisine in high-end restaurants. On the other end of the scale are real estate agents that overprice their listings, don’t market them correctly and don’t aggressively sell their listings, relying solely on fate to sell their listings. Bad agents are like cooks, shoveling greasy food in fast food restaurants. Do you want to hire a chef (top producing real estate agent) or a cook (bad real estate agent)? You should focus on hiring chefs.
. . . → Read More: Successful Traits Shared By Top Producing Real Estate Agents