Real Estate Agent Selection
Buying or selling a home is one of the most major decisions a consumer will ever make in their life
time.Smart real estate purchasing starts with Proper Real Estate Agent Selection. Do not take a short cut
on this very important part of the decision process.
Home purchasing mistakes are usually made when you fall in love with the house and you get blinded
by the desire to have it right away.
While competition for the house may force you to speed up the process, you can still be ready if
the homework required is done before you start your journey to get the home you want so badly.
Buy Smart and Not From Knee Jerk Reaction
Rule number one is never fall in love with the house or with the real estate agent. Either mistake could
seriously cloud your judgment.
Of course you like the house or you wouldn’t be so excited. Still, be cautious as you proceed.
What if a room addition was made to the house that was not properly built to code and no permits were pulled.
Your knee jerk reaction could cost you thousands of dollars if you sign that contract.
What Type Of Real Estate Agent Do I Need?
If you are out driving around looking at homes on a Sunday afternoon and see a house that you
like, DO NOT make the mistake of calling the real agent
listed on the For Sale sign.
The agent listed on the sign is under contract to get the seller and not you the
best deal possible.
If you told that agent how much you would be willing to give for the house or any other pertinent personal
information about yourself, that agent would be required by law to tell the seller who is their true client. Do Not
Make This Mistake!
Do Your Homework on proper real estate agent selection to help you with your real estate
purchase. An agent who may be good to use to sell your house may not be the agent you should use to buy a
There are exclusive seller’s agents, agents who will work with either buyers or sellers and then
you have exclusive buyer’s agents.
Seller’s agents will typically list your home with the Multiple Listing Service (MLS), conduct open
houses and run ads in the newspaper / real estate magazines. Their job and contract obligations require them to
look out for the seller's best interest.
Agents who represent both buyers and sellers are the most common type of agent out there. They want
slices from both sides of the pie which is not a bad thing for the agent.
The lines of who represents who can easily blend together when this type of agent shows you a house
for sale that he or she has listed for another client (seller). All of a sudden another agent from the real estate
company has to be appointed to represent you or the person selling the home to try to avoid a conflict of interest.
The interesting part of this arrangement is that the main broker (let’s call him the boss) who is sitting back at
the office will know all of the information about all of the parties associated with the transaction. Be Very
Careful with this type of arrangement because the fox is guarding the chicken house.
A consumer who is selling and then buying another home may possibly be able to save money by asking
for a rate deduction on the two commissions that will be owed to this type of agent.
Exclusive Buyer’s Agent
An exclusive buyer’s agent who only represents buyers when you are buying a house will eliminate
any potential conflict of interest. they will be required to look out for your best interests and not the
What Do We Mean by a Potential Conflict of Interest?