10 Essential Questions to Ask Your Realtor

Buying or selling a home is no small task, especially if you don't have the right help. Realtors are a crucial part of these transactions. According to the National Association of Realtors, 86% of homebuyers considered their real estate agent to be a useful source of information. If you're looking for a reputable realtor, here are 10 questions you should ask.

1. How Long Have You Been a Realtor?

Experience is key when it comes to any profession, but that's especially true in the world of real estate. Experienced real estate agents know their way around buying and selling homes, as well as navigating the unique real estate climate of the community they're serving.

2. Do You Work Independently?

Many real estate agents work under a company name, but there are lots of agents who work independently as well. Real estate agents who work independently may provide more friendly, personalized service, but there are lots of benefits to working with a team of realtors.

3. Do You Work With Buyers or Sellers More?

You want a real estate agent who's equipped to handle your needs, so make sure you're working with one who specializes in your part of the transaction. Some realtors work more with buyers while others work more with sellers, so choose accordingly.

4. How Long Does the Average Purchase Take?

Life can move quickly, but real estate transactions can seem to take forever. Before you hire a real estate professional, ask some of the different agents how long an average purchase takes to complete. If you're in a crunch for time, you can't afford to hire one who moves slowly.

5. How Many Clients Are You Working With?

Many real estate agents work with a long list of clients, which means they typically aren't able to focus all of their attention on you. If you're looking for a more personalized real estate experience, make sure you ask how many clients realtors are working with and choose a low-volume agent.

6. Are You a Full-Time Realtor?

Some people choose to work as real estate agents on the side, and there's nothing wrong with that. The relatively minimal barriers to entry make real estate a popular choice for people who want a career that's relatively simple to start, but that doesn't mean those people are going to be good realtors. Part-time realtors are likely more focused on other areas of life, so you may want to look for a full-time realtor who can give you all of their attention.

7. Can I See Your License?

Licensing isn't typically a huge concern because most practicing real estate agents have a valid real estate license, but it's worth asking your realtor if you can see their license before you make your final decision. Any reputable agent will be more than happy to show you their license and any other qualifications they have. Beware of realtors who are hesitant to show their license.

8. Have You Worked in This Area?

Ideally, you want to hire a real estate agent who has experience with the market where you're trying to buy or sell. Market knowledge makes it easier for your realtor to help you find homes that fit your needs and budget, plus it helps sellers set more accurate home prices.

9. How Does Commission Work?

You don't want to hire a real estate agent who's incentivized to prioritize profit over clients, so ask about commission before you make your final choice. Every real estate agent is going to receive a commission of some kind, but you want to make sure you're not giving your real estate agent a reason to upsell you on a home.

10. How Can You Help Address My Needs?

Everyone has unique needs when it comes to searching for a home. If you're looking to buy a home, you need to find a realtor who can help you address your specific needs. Before you hire a realtor, ask them how they can help you address those needs, including your desired location, your work commute, neighborhood safety, and more.

Whether you're buying or selling a home, choosing the right real estate agent is one of the most crucial steps. Your real estate agent is your advocate and source of information, so choose wisely. If you're looking for a realtor you can count on to help you buy or sell your home, contact E-Realty Services today.