How often we hear that Buyers (and to a lesser extent Seller) would benefit from working with REALTORS? I think REALTOR here is an unfair substitution of real estate licensee as the benefit of working specifically with a REALTOR is not substantiated.
To those who would feel angry with this statement, let me say that there are states where being a REALTOR is not a requirement, and agent really choose whether to join or not to join. There being a Realtor does not equal the right to work. Our own Melina Tomson from Salem, OR is not a REALTOR as far as I know, and unless you feel that you are 5 times better than Melina, please, spare me of «Your Highness REALTOR» talk...
How true is this statement? I think it is only true when you deal with a competent professional. But since when it is a given? Is being duly licensed and even being a REALTOR a guarantee of competency?
Are you saying that there are more chances of being screwed not working with a licensee than working with one? Sure, but how many more?
If someone is on the table to remove cancerous prostate, do you know that the greatest chances of survival are for patients whose surgeons have performed over 300 similar operations? The guy with a scalpel, who has performed only 10 such surgeries means less chances for you to be still alive in 5 years (that's the magic number for statistics, a tricky number as with some cancers patients die about 7 years later, but this way they do not stain the unblemished medical records).
But the guy with a scalpel is trained and licensed to do what he does, whether you die or live. Yes, our clients are not supposed to die from botched deals, but try to see the point.
It is time for us to acknowledge that repeating that Buyers and Sellers benefit from working with a licensee is a prayer to the wrong gods. It may be true, or may not be true.
The true statement is that Buyers and Sellers would benefit from working with a competent real estate professional. They may not benefit but are unlikely to get hurt when working with an average agent. And it may hurt them when working with incompetent agent.
How to find a competent agent? That's a tough question.
Anybody has the answer?