4 Common Real Estate Myths

By
Real Estate Agent with Keller Williams Realty- Red Stick Partners

#1  All Real Estate Agents are "Realtors"

realtorTo be a Realtor®, agents must join the National Association of Realtors®.  This means that we have additional training and only Realtors pledge to uphold higher ethical standards set by the NAR's Code of Ethics.  In fact, fewer than half the licensed agents in this country are Realtors.  Realtors also have access to MLS listings, what I consider to be the most important point of exposure for your home, which is to advantage of both the buyer and the seller.

 

#2  All Realtors® are the Same

Now that we have identified what a Realtor is, you must realize that not every Realtor is the same.  It does not mean you have found the perfect person to help you with buying or selling your home.  First, Realtors can have different specializations - i.e. first time homebuyers, buyer representative, neighborhood specialist, etc.  Others have more experience or more business.  In real estate agentorder to find your perfect Realtor, interview 2 or 3 agents and find the Realtor that is most successful at meeting your needs.  Make sure that you are clear with what you expect and what you need to find a perfect match.  Click here for a list of questions to use when interviewing a Realtor.

 

#3  Real Estate is an easy way to make money lots of money and is ‘one step above a used car salesman'.

There are many new licensees each year but did you know that 90% of those licensees get so discouraged they choose not to renew their license?  Agents often work over more than hours a week and also work evenings and weekends as this is when buyers and sellers are available.  Real Estate Agents are unfairly portrayed time and time again as unethical and unprofessional.  Just as in any other profession you may encounter unethical practitioners but as stated above Realtors are held to the NAR's Code of Ethics, we are monitored by both Federal and State agencies,  and must take lengthy ethics classes every three years to remain licensed.  ... not to mention this also stereotypes used car salesmen!Money doesn't grow on trees....

 

#4  You don't need a Realtor to buy/sell a home.

Okay, necessarily, you do not need one.  But in order to see a stress free sign like below...

Sold with a Realtor

I would advise it.  Think of it this way, Would you operate on yourself or go to a surgeon?  In every other aspect of your life you go to a professional why not use a professional for one of the most important parts of your life-your house?   The experience and familiarization of a Realtor with the current real estate values and laws in your area is unmatched.   If you do decide to go at it alone... don't forget who your competition is :).  For more reasons why you should choose a Realtor, click here.  

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Rainmaker
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Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH

Toni, That is it in a nut shell Realtors know there stuff and not everyone is going to be good at it, if you are great at it you are in the minority,, say 10% of those that practice it's funny as the A/R family reaches 100,000 that , the number happens to be about 10% of all those licensed in the U.S.of A. Thanks nice post have a wonderful 4th of July.. Steve

Jun 30, 2008 08:34 AM #1
Ambassador
1,889,448
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Toni, you did a fantastic job of debunking these myths, many of which the public has. Salespeople of any stripe do not rank up there with trust like the pharmacists of the world but if you are good with your customers you will carve out your own reputation. Selling a home is a higher probability these days with the assistance of a Realtor. Very good thoughts!

Jun 30, 2008 08:46 AM #2
Rainer
43,628
Toni House
Keller Williams Realty- Red Stick Partners - Baton Rouge, LA
Realtor, Baton Rouge Real Estate Expert

Steve, Very ironic indeed, perfect statistic!! :)  I hope you have a wonderful 4th of July as well!

Gary, Thank you! You are right though, Word of Mouth is still the number one marketing tool and it all relies on your reputation and how you treat your customers.  It's just informing those who maybe have had a bad experience or never used a Realtor before.-- That's when the 10% steps in.  Right Steve?

 

 

Jul 01, 2008 05:55 AM #3
Rainmaker
21,779
Julie Q. Fuelling
Keller Williams Katy @ Cinco Ranch - Katy, TX
Real Estate Consultant

Incredible post! You address the issues that come up again and again; in my 19 years, the questions and misconceptions stay the same. I'm going to print this out and practice with my script partner. Thanks for sharing!

Jul 01, 2008 06:42 AM #4
Rainmaker
21,779
Julie Q. Fuelling
Keller Williams Katy @ Cinco Ranch - Katy, TX
Real Estate Consultant

P.S. I went to LSU, Geaux Tigers!

Jul 01, 2008 06:53 AM #5
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43,628
Toni House
Keller Williams Realty- Red Stick Partners - Baton Rouge, LA
Realtor, Baton Rouge Real Estate Expert

Julie- Thank you!  It's good to see an LSU gal around here!  It is amazing the misconceptions that always stay the same isn't it? 

Jul 02, 2008 04:48 AM #6
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Toni House

Realtor, Baton Rouge Real Estate Expert
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