~Breaking up is hard to do~ 5 questions to ask your REALTOR®

By
Real Estate Broker/Owner with RE/MAX Access (Garden Ridge, San Antonio, New Braunfels) TREC# 0386905

~Breaking up is hard to do~ 5 questions to ask your REALTOR®

 

Sometimes in a realtionship there is one party that wants out.

 

Real Estate is no exception.

 

I recently received a call from a distraught couple who had just terminated their Buyer's Representation Agreement with a REALTOR® (herein called Agent).  They felt that they didn't ask enough questions of the Agent prior to signing the agreement.  Hence, they felt that a lot of time was wasted on their part.

 

Here are 5 questions to ask your REALTOR®:

 

1.  How does this Agent work?  Certain hours a day?  Certain days of the week?  Will you be able to find a mutually agreeable time frame?

 

2.  What experience does this Agent have?  Do they have a specialty?  It's difficult for a commercial Agent to sell a residential home.  The forms are different, terms, negotiations, etc.  Make sure they are capable of helping you in the type of real estate you are looking to purchase.

 

3.  How many successful transactions has this Agent had under their belt?  It's not necessary for an Agent to be the highest top producer, but you need to know how versed they are in the entire process.  Asking a trusted friend for a referral might help you in this area.

 

4.  What happens if the Agent is out of town, calls in sick or just can't make your scheduled times?  Does this Agent work with a Team that can fill in or will you have to wait for the Agent to return back to work to help you?

 

5.  And lastly an understanding of the expectations of all parties involved.  This will help eliminate the need to break up!

 

 

Posted by

Serving the needs of Agents, Buyer's and Seller's for over 25 years.

 

Sheila Moran, Broker/Owner

RE/MAX ACCESS

19115 FM 2252, Ste. 7

Garden Ridge, Texas 78266

210-657-7500  /  210-325-6962

www.SistersThatSell.com

                   

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Lisa Moroniak 11/14/2012 09:53 PM
  2. Heather Littrell 11/15/2012 09:20 AM
  3. Winston Heverly 03/06/2013 08:57 PM
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Rainmaker
1,643,917
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Sheila - These are all good questions, and I agree with Carla that a good agent should take the initiative and discuss these issues with new clients. But many do not, so it's up to the buyer or seller to ask.

I was just thinking about this the other day - when I saw some agents saying they work regular 9 to 5 hours and no week-ends. A buyer or seller who works those same hours should shy away from those agents and choose one who is available whey they are available.

Nov 15, 2012 03:01 AM #79
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Sheila, not many consumers think of a professional Realtor(r) for their real estate needs. Needless to say, they know at least one real estate agent in their sphere of influence and feel there is no need to go beyond that.

Nov 15, 2012 03:12 AM #80
Rainmaker
134,423
Dale Corpus
Dale Corpus Real Estate powered by eXp Realty - San Ramon, CA
Realtor - San Ramon, Danville, Dublin & Pleasanton

I like the list.  It's all about setting the right expectations upfront with a client.  

Nov 15, 2012 03:22 AM #81
Rainmaker
191,781
Sheila Moran
RE/MAX Access (Garden Ridge, San Antonio, New Braunfels) - New Braunfels, TX
SanAntonioSheila.com, RE/MAX Access, 210-32

Hey fellow REALTORS®

 

I read each and every one of your comments! 

I wish I could respond to each and everyone of you, but then I would definitely need to write a post on TIME MANAGEMENT!

 

Thanks for stopping by and engaging in the conversation!

Nov 15, 2012 03:43 AM #82
Rainmaker
559,965
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

I think #3 is very important.
I have worked with agents who actually asked ME how to fill out parts of the contract.

 

Nov 15, 2012 03:56 AM #83
Rainmaker
602,798
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I wish there was some sort of retainer to the buyer agency agreement.  For those who do understand what it's all about, I think there would be less time wasted on everyone's part if they buyer had some skin in the game. 

Sheila, you'll do a great job for your new clients!

 

Nov 15, 2012 03:57 AM #84
Rainmaker
295,583
Terkel Sørensen
Real Estate Places - Temecula, CA
Realtor, 951.805.0773 , Bank owned and Short Sales

Sheila, I think the last point is the most important - expectation of well defined, should answer the other questions. It would be reasonable to expect the Realtor® to have some openings in the schedule; and some experience with contacts and negotiation... asking the questions is managing the expectations.

Nov 15, 2012 04:47 AM #85
Rainmaker
1,431,914
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Very good question.  Not all agent are going to work the same.  Some people match up better with certain types of agents.

Nov 15, 2012 05:00 AM #86
Rainer
153,138
EMILIA B COOPER, REALTOR® SFR.NCHSE.AHWD
LAROSA REALTY - Orlando, FL
Short Sales, Foreclosure & Bank Owned Real Estate

Sheila, great post, and very nice list ...#5 is very Strong one. Thanks for sharing.!

Nov 15, 2012 07:28 AM #87
Rainer
93,476
Rob Hurst
KenCom Real Estate - Bulverde, TX
Real Estate Broker, Kendall & Comal Counties

Hey Sheila,

Very nice post!
Always good to have all expectations up front.. On both sides..
The key is, I never want to do business with someone who doesn't want to do business with me..

Hope we do another deal soon!

Rob

Nov 15, 2012 09:37 AM #88
Rainer
112,661
Don Kanare
RE/MAX NORTH LAKE - Incline Village, NV - Incline Village, NV
Incline Village Real Estate

Great post; getting communication off on the proper footing is critical to maintaining a good relationship especially with sellers.

Nov 15, 2012 12:51 PM #89
Rainer
299,354
Steven Pahl
Keller Williams Tampa Properties - Tampa, FL
Real Estate Consultant Tampa, FL 813-319-6423

A good agent would go over all of those points with a buyer or seller at the time of listing or during the buyer interview to discuss their (buyers) wants and needs.  They (buyers and sellers) should not have to ask for that information.

Nov 15, 2012 01:14 PM #90
Rainmaker
1,077,712
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Shelia,

These are good questions for buyers to ask Realtors and good questions for some Realtors to think about.

Nov 15, 2012 01:35 PM #91
Rainer
184,718
Carol Christiansen NYS Licensed Real Estate Broker
Cafe Realty - Katonah, NY
Live with the 3 Es – Energy – Enthusiasm – Empathy

Good simple questions that should prevent miscommunication 

Nov 15, 2012 10:02 PM #92
Rainer
106,171
Andrew Herren
Craig Massee Real Estate - Milledgeville, GA

These are good questions for a listing agent as well! I hate to call for a showing appointment and not be able to get in touch with the agent.

Nov 15, 2012 10:42 PM #93
Rainer
133,177
Rob Renk
Center Street Lending - McKinney, TX
AE | Fast Fix/Flip Loans for Residential Investors

Those are great questions for a consumer to ask of their agent when they are shopping for someone to sell their home.  Thanks for showing us them.

Nov 17, 2012 02:04 AM #94
Ambassador
645,988
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

There are ''A" Realtors® and "C" Realtors®.  My experience is that most buyers and sellers don't know what questions to ask. The point is that people make a decison based on emotions and justify it with facts.  People hire people who like and trust.  Be that person and you won't have to answer any questions.

Nov 20, 2012 08:36 AM #95
Rainer
5,440
Theresa Montgomery, YAZL
NBAndrews & Associates - Mesa, AZ

I agree that most people do not know what to ask of the potential agent. Often they will use someone they know, perhaps a relative or a friend of a friend, and not ask about the agent's actual experience. It is useful to have a consultation to discuss what to expect in a transaction.

Nov 26, 2012 05:18 AM #96
Rainmaker
806,787
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

These are good questions.  They are also questions as agents we should answer for our prospective clients without them even asking. -Kasey

Jan 22, 2013 04:56 AM #98
Rainmaker
1,278,094
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I interview would-be clients at the same time they are interviewing me...I rarely take a property management client without a F2F meeting at the property FIRST!

Mar 06, 2013 09:05 PM #99
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Rainmaker
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Sheila Moran

SanAntonioSheila.com, RE/MAX Access, 210-32
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