It's important to use only one real estate agent!

By
Real Estate Agent with Maximum One Executive REALTORS® 165062

1Since the arrival of the Internet, many home buyers view the Internet as an online brochure of Atlanta homes for sale, and Atlanta real estate.  The home buyers now view the real estate agents, and Atlanta REALTORS as someone that can just open the door for them.  More often than not, it has been our experience that the Atlanta home buyer already has an agent.  Too bad for them, their agent does not work real estate full time.  A full time agent is not afraid to tell their client (When they are under a signed buyer agency with them) not to buy a home. A professional Atlanta real estate agent will cite their reasons why!  Perhaps the home is way overpriced, maybe the road behind the house is scheduled to be widened...it could be the home has been on the market for a long time because there are major issues: flood zone, structural issues, stigmatized property etc.  Since many home buyers view the house hunting process as an adventure, they should hang on for their dear lives when buying a home without and experienced agent.  Questions a home buyer should ask when interviewing for a buyers agent:

  1. How long have you been selling real estate?
  2. How many homes do you personally sell a year?
  3. Do you have testimonials of former clients?  May you see them?
  4. Do you have the phone numbers of previous buyers to check references?
  5. Have you ever been sued or had your real estate licensed revoked?
  6. Are you an Accredited Buyers Agent (ABR)? or National Association of Exclusive Buyer's Agents?
  7. Ask for a business resume.
  8. Do you work real estate full time? No Second job.
  9. Will the agent receive fees back from inspectors, loan officers etc?
  10. How will the agent you are interviewing work differently from other agents?
  11. Do you practice dual agency?
  12. What is your asking price to sell price ratio?
  13. Will you show me all homes that meet my search criteria or just push me on your/company listings?
  14. Will you prepare a buyer's CMA for me?
  15. Do you have a transaction manager?
  16. Will you personally attend the closing or will it be delegated to a member of your team? Amended 10/16

Comments (11)

Judith Clausen
Buyers Advantage Real Estate of Metro Denver - Denver, CO
Judith R. Clausen
Good point, Jim.  I would add to No. 6, "or are you a member of the National Association of Exclusive Buyer's Agents?"  ABR isn't the only way people can find a good Buyer's Agent.
Jan 14, 2007 03:53 AM
Jim Lee
RE/MAX Shoreline - Portsmouth, NH
Portsmouth NH Realtor, Portsmouth, NH

Sound advice Jim.

And not an option if you want to work with me.

"Buy from me or get out of my car" was sound advice the first time I ever head it and remains so.

Work with only me or........"next". ;-)

Jan 14, 2007 04:55 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Great points from both of you!  It is such a waste of everyones time to work with persons that already have an agent, or have no intentions of working with you ever.  In Atlanta, there is a buyer agents company that is  telling its buyers to let full time agents show you, and when you find the right home, call them instead to write the deal with them!  That is just adding more fuel to this fire.

As far as ABR, I was not aware of the other organization...National Association of Exclusive Buyer's Agents.  That is fine with me.  I am  always in favor of experienced professional agents is a major benefit to all in the transaction.

PS Jim, long time no see!  How are things going?

Jan 14, 2007 07:57 AM
Sarah Nopp
South Sound, WA
Jim, Have you had a chance to see the presentation on RSN called "How to Sign the Buyer" by Curtis Hall? It was replayed today, and was an excellent presentation! If you haven't chad a chance to see it yet, it will be on again November 15th.
Oct 16, 2007 12:46 PM
Sandy Nelson
Riley Jackson Real Estate Inc. - Olympia, WA
your Olympia area Realtor

Jim,

All good points. I would probably add the question: "Do you practice dual agency?"

Sandy

Oct 16, 2007 01:09 PM
Jessica Horton Jessica Horton Realty
Jessica Horton - Jessica Horton & Associates - Griffin, GA
Jessica Horton: I'm not #1... You Are!
What is your asking price to sell price ratio?

Will you show me all homes that meet my search criteria or just push me on your/company listings?

Will you prepare a buyer's CMA for me?

Do you have a transaction manager?

Will you personally attend the closing or will it be delegated to a member of your team?


Oct 16, 2007 01:14 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Sarah Nopp, REALTOR  Thanks for telling me.  I've listened to his presentions in CyberProfessionals!  Curtis is great!
Oct 16, 2007 02:25 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Sandy Nelson Realtor - Olympia, WA Done!  Thanks for the suggestion!
Oct 16, 2007 02:28 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Griffin Georgia Real Estate - Jessica Horton  Jessica you are a Dynamo!  If I were on the southside I would be in your office!  I amended the list!
Oct 16, 2007 02:29 PM
Jessica Horton Jessica Horton Realty
Jessica Horton - Jessica Horton & Associates - Griffin, GA
Jessica Horton: I'm not #1... You Are!
"Jessica you are a Dynamo!  If I were on the southside I would be in your office! "

Jim, that is my life story since opening my own company.  ***SIGH***I think I was just ahead of my time.



Oct 17, 2007 12:47 AM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR
Griffin Georgia Real Estate - Jessica Horton  No...your time has yet to come, but when it does you will own it.  A lot of life is preparation to accommodate the building...you have the right attitude, fortitude and stick-to-it-iveness to make big thing happen!  Look at how much you've accomplished already!
Oct 17, 2007 02:13 AM

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