There are many different types of real estate agents. When it comes to the act of buying or selling a home, having an experienced broker can be extremely helpful. However, there are several questions you should ask your agent before signing on with them so that you get somebody who is trustworthy and reliable.
Five questions to ask your real estate agent before hiring them:
- Do you have a professional designation?
Ask your real estate agent if they are members of the Canadian Real Estate Association and, if so, what their designations are. Their designations are an indication of their education, training, and expertise.
Real estate agents who have a designation generally emphasize learning new skills and paradigms that will be helpful in your real estate transaction. The most common professional designations include Salesperson (SRES), Broker/Owner (BOS), Accredited Buyer’s Representative (ABR), Certified International Property Specialist (CIPS).
- How long have you been in the real estate business?
Real estate agents working towards a designation generally enter their career path by joining an entry-level brokerage and learning from more experienced team members. If your agent has only been with one company for a short time, ask them how they received training or if someone is currently mentoring them.
- Do you specialize in my area of interest?
There are many aspects to real estate, and your agent must have the expertise required for working with clients like yourself. Ask them if they have developed any specialties or areas of focus within their work.
It’s also good to ask what type of properties they typically sell and if they have a list of properties that you can see. You want to work with an agent who has experience and knowledge about the type of property and neighborhood you are interested in.
- How much does my property cost?
Your agent will need to do some research on your property. If they know the price range in which your home falls, it is easier for them to identify comparable properties and provide sound advice as you go through this process. They should give a ballpark figure without digging into public records such as tax assessments or land titles.
If you are selling your home, it is important to find an agent who can answer the question, “How much is my property worth? {Combien vaut ma propriété?}.” They should also determine the fair market value of your property and not just list it at whatever price they think will sell fast.
- What is your process for working with me?
There are many different approaches to real estate, and it’s important that you feel comfortable with your agent. Ask what their typical process is when they work on a transaction, including how much time they will spend at inspections, open houses, etc.
In conclusion, finding the right real estate agent can be a tough choice. Follow these five steps to finding someone who will work with you to achieve your goals!
