Tips for Choosing an Agent
The right agent will guide you through the buying or selling process, making it stress-free. Read below about the three types of agents: a buyer’s agent, a seller’s agent, and a dual agent.
The Buyer’s Agent
A buyer’s agent will work on your behalf to negotiate the contract, provide information on zoning issues, and gather all the information you need to make a well-informed home purchase. A buyer’s agency agreement ensures the agent discloses additional information to the prospective buyer, including:
- Reasons behind the sale of the property
- Possible concessions that could be negotiated
- Background information from the seller & agent
- Information that might give the seller or buyer an advantage
The Seller’s Agent
Ask friends and relatives for recommendations of real estate agents, and then interview two to three of them to find the right one for you. The following are a few questions you should keep in mind during the phone call or appointment:
- What experience do you have in the area, and how long have you been in the business?
- How many other clients are you working with?
- What is the number of homes you’ve sold in the last year?
- How much do you typically make as a commission?
- What are your plans for marketing my home?
- Can you provide recent references from other clients?
- How do you plan on marketing or promoting my home?
- Do you typically work more with sellers or buyers?
The Dual Agent
When two agents work for the same broker, and each represents a buyer or seller, this is called a dual agency agreement. Any such agreement must be disclosed to both parties, and any privileged information cannot be disclosed to the interested party without the permission of the other party.