Video Duration: 2 minutes 27 seconds
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Description of visual information: [USAA real estate 2 minute tips. The importance of finding the best real estate agent] End of description.
Finding a trusted Real Estate Agent is crucial in helping you buy or sell a home. Here are some answers to some common questions you might have.
What's the difference between an Agent, a Broker and a Realtor® and does it matter?
They all have fiduciary duties, which keep your best interest above all. The "Realtor®" title is used by Agents and Brokers who are licensed by the state and adhere to the National Association of Realtors® code of ethics.
All three can:
- Assist sellers in marketing their property and selling it.
- Assist buyers in purchasing property.
- Act as an intermediary between the buyer and seller.
A Broker is required to complete more real estate education and manages the real estate office where agents work. They also work with the title company and real estate lawyers who process the real estate transactions.
An agent or broker with credentials and other professional designations is preferable.
How do I find an agent I can trust?
Friends and family can be helpful, but think twice about hiring a relative as it could jeopardize relationships. You can also use a trusted service that screens for licenses and experience.
What questions should I ask my potential agent?
Approach your decision like a hiring manager because your Agent is working on your behalf.
Professional experience, current client commitment, full-time availability, methods and frequency of communication are some of the first things to discuss. You also want an Agent who has experience with your desired neighborhoods and price range.
Most importantly, you should discuss as early as possible when you're obligated to work exclusively with an agent. Generally, a reputable agent will give you a signed written agreement. Always double check any non-intentional agreements made on a website to avoid controversy.
How can I tell if we're a good fit? Take a look at their current listings and portfolio to ensure you're on the same page about the kinds of homes you're looking for and to evaluate their professionalism.
How can I check an agent's work record? Check with your state licensing board for any disciplinary actions or complaints against this agent. An Agent is there to help you with your real estate needs, so find the one that's right for you.
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