PODCAST Commission and How to pick your Realtor


On to days episode we discuss what commission should be paid, and how to pick your Realtor.

When meeting with different real estate agents, there are several questions you should ask to make sure you’ve found the right real estate agent for you:

• How long have you been a real estate agent?
It’s important to know their experience level, and whether they work full- or part-time. If they only work part-time, they may not have their finger on the pulse of current market conditions.

• What are your credentials?
A real estate agent is required to have a state license. Are they a Realtor? A Realtor is a member of the National Association of Realtors, which requires ethics training and has a code of ethics.

• How many houses have you sold in the last year?
This will tell you their sales track record, and also how much experience they have with the entire process and paperwork.

• What’s your schedule?
Check that the real estate agent you are considering hiring is flexible, and works around your schedule.

• Where do you usually work?
You’ll want them to know the community you are looking in, especially if you are moving somewhere unfamiliar. They should be able to advise you on the types of inspections required for the area.

• What kind of commitment will you give me?
See how fast they plan to return phone calls, give you information, and how often you are able to go look at houses.

• What’s your fee?
Know upfront what percentage their fee is going to be, and ask if it’s negotiable.

• May I have some referrals?
Ask your real estate agent if they have former clients you could speak with to get a better idea of how they’ve worked in the past.

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