How to Select a Reliable Realtor

Understand the Importance of a Good Realtor

According to the National Association of Realtors (NAR), 88% of buyers purchase their homes through a real estate agent or broker—a figure that has steadily increased from 69% in 2001. This trend underscores the pivotal role of real estate professionals in today’s property market. A good realtor brings market knowledge, negotiation skills, and transaction expertise—attributes that are crucial in navigating the complex terrain of real estate transactions.

Check for Proper Licensing

Every state in the U.S. requires realtors to be licensed according to specific local regulations. Verifying that a realtor is licensed is a fundamental step in assessing their legitimacy and professionalism. You can check a realtor’s licensing status through your state’s real estate department website, which also lists any disciplinary actions or complaints against them. For instance, the California Department of Real Estate provides a searchable online database of real estate licensees.

Look for Relevant Credentials

Realtors can obtain a variety of credentials that demonstrate their commitment to further education and specialization in different areas of real estate. Credentials such as Certified Residential Specialist (CRS), Accredited Buyer’s Representative (ABR), or Seniors Real Estate Specialist (SRES), indicate specialization in specific sectors of the real estate market and can guide you to a professional who best suits your needs. According to NAR, realtors who take the initiative to pursue professional development are often more capable of navigating complex deals and legal intricacies.

Consider Experience and Local Market Knowledge

An experienced realtor with robust knowledge of the local property market can make a significant difference. The U.S. Bureau of Labor Statistics notes that real estate brokers and sales agents held approximately 156,800 jobs in 2020. With such a high number of agents, finding one with extensive local market understanding is crucial. Ask potential realtors about recent transactions in the neighborhood, market trends, and local development plans—all of which will provide valuable insights into their expertise and network.

Analyze Reviews and Testimonials

Client reviews and testimonials are invaluable when determining a realtor’s reliability. Websites like Zillow, Realtor.com, and others feature client reviews that can give you an indication of a realtor’s dealing and professional demeanor. Furthermore, realtors who have received professional awards such as the “Realtor of the Year” award within their communities are often those who have earned respect and trustworthily.

Conduct Interviews with Potential Realtors

Meeting with potential realtors can give you a feel for their personality and working style, which are important factors in a successful real estate partnership. During the interview, cover key topics such as their sales history, marketing strategies, handling of negotiations, and communication preferences. It is recommended to interview at least three realtors before making your decision, as this gives you sufficient comparative insights to make an informed choice.

Evaluate Their Communication Style and Availability

Communication is key in real estate transactions. You need a realtor who is responsive and communicates effectively across multiple platforms (email, phone, text, etc.). According to a survey done by the Consumer Federation of America, communication issues are among the top complaints made against realtors. Ask potential realtors about their typical response times and ensure they align with your expectations. Moreover, discuss their availability to attend showings, meetings, and other necessary events throughout the transaction process.

Assess Their Technical Capabilities

In today’s digital age, a realtor’s ability to navigate technology is indispensable. From virtual tours to online listings and digital contracts, technology facilitates more efficient and accessible transactions. Check whether your prospective realtor uses advanced technology solutions and how they leverage these tools to provide better service.

Understand Their Fee Structure

Most realtors work on a commission basis, typically between 5% and 6% of the home’s sale price, which is usually split between the buyer’s agent and seller’s agent. However, some realtors offer different structures such as a flat fee or a reduced commission rate. Understanding how they charge and what services are included can help avoid any surprises down the line.

Make Your Decision With Confidence

Choosing the right realtor involves careful consideration of their credentials, experience, reviews, and your personal interactions with them. Take your time in making this decision, as the right choice can lead to a more profitable and satisfying buying or selling experience.

In conclusion, selecting a reliable realtor is about doing your due diligence and going beyond the surface to understand each candidate’s offerings and how they align with your real estate goals. With careful selection, you ensure that your investment is in good hands.