Top Questions to Ask When Interviewing a Realtor
Choosing a real estate agent can be a daunting task, especially if you're new to the home buying or selling process. The right realtor can make a world of difference in your experience and outcome, so it's important to ask the right questions. Here are the top questions to ask when choosing a realtor.
How long have you been a realtor?
Experience is a critical factor when choosing a real estate agent. While there's no set number of years that guarantee a realtor is a good fit for you, it's important to choose someone who has been in the business long enough to have developed expertise and contacts in the industry.
Do you work full-time or part-time as an agent?
Real estate can be a challenging industry to navigate, and it's important to work with an agent who is fully committed to the profession. Part-time agents may not have the same level of availability, resources, or experience as a full-time agent.
What makes you different from other realtors?
Every realtor has their own unique approach to the business. It's important to understand what sets your potential agent apart from the rest. Whether it's their marketing strategy, negotiation skills, or industry connections, a realtor should be able to clearly articulate what makes them stand out.
Do you have references I can call?
A good realtor should have a list of satisfied clients who are happy to speak to their experience. Don't be afraid to ask for references and call them to ask about their experience with the realtor.
Will I be working with you individually, or with a team?
Some real estate agents work independently, while others are part of a team. It's important to understand who you'll be working with and how the communication process will work. Working with a team can be beneficial if you're looking for specialized expertise or if you need more availability.
How does your commission work?
Real estate agents work on commission, which is usually a percentage of the sale price. It's important to understand how the commission is structured, how it's split if there are multiple agents involved, and any other fees that may apply.
Are you familiar with the neighborhood?
Working with a realtor who is familiar with the neighborhood you're interested in can be a huge advantage. They'll have a better understanding of local market trends, property values, and amenities.
Why did you choose the brokerage you work for?
Realtors work for brokerages, and each brokerage has its own strengths and weaknesses. Understanding why a realtor chose their particular brokerage can give you insight into their values and priorities.
Do you work with investors?
If you're an investor looking to buy or sell a property, it's important to work with a realtor who has experience working with investors. They'll have a better understanding of the unique challenges and opportunities in the investment property market.
Can I cancel our employment contract penalty-free?
Most realtors will ask you to sign a contract before working with you. It's important to understand the terms of the contract, including any penalties for canceling early. Make sure you're comfortable with the terms before signing.
Choosing the right realtor can make all the difference in your home buying or selling experience. By asking the right questions, you can ensure you find an agent who is experienced, committed, and the right fit for you.