One of the best things to ask your estate agent about is their willingness to work with you on any specific needs you may have. Here are five examples of how you can ask your agent about what they can and cannot do for you.
One of your first things to ask your estate agent: “This morning, I was looking at your resume and noticed that you did not list your skills in Real Estate. Would you please list them now?”
This question is especially important if your real estate agent has been working for you for more than 10 years. While this can sometimes be an indication of your agent being lazy, it is also an indication that they may not have any real experience working in this field. Most estate agents will not tell you that they do not have real estate experience because of fear of being unable to find clients. You should be aware of this and ask your agent how many clients they have represented in the last ten years.
Another thing you can ask your real estate agent is how long he or she has been in business. This information can give you some insight into the types of real estate agents that you will want to deal with over time. You can choose to be more selective with your real estate agent by searching out one that is only in business for three to ten years. You will know that you are working with someone that is willing to grow and work with you while also having a solid business to show off.
Next, you should also ask your estate agent how many properties he or she has represented in the past year. This is very important because your agent will need to have a good handle on how many properties are being handled at one time. You need to have some idea how many different real estate transactions there are in each month and how many real estate transactions there are on a yearly basis. It is also important to have an idea of how many different types of properties are represented so you can gauge which types of property represent the best.
Finally, you should ask your agent if there are any annual or recurring fees that are charged. These fees should always be clear to the estate agent before signing any contracts and should not be hidden. You will want to get the fee breakdowns in writing so you can have it handy when you call the agent to make payments. This is also a good way to make sure that you know where your money is going if there is a need to send it to a third party. Your real estate agent is there to help you find homes and should not be in the position of simply sending checks.
