The experience of your realtor is perhaps the most important thing. Usually, those with the most experience tend to deliver the best service. The best ones are the ones who started working before the economic crisis and are still going strong. However, you also have to make sure that they have experience pertinent to your own needs. For instance, the needs of a first time buyer are very different from the needs of a national property developer. You also need to know that your realtor understands your demographic and geographical requirements. For example, if you want to become a rancher, you need to find a realtor that is able to understand the different types of land, how it has been produced and what the homestead is like. Should you be interested in purchasing a property that is historic or listed, for instance, you will need the services of someone very different.
There are also some things you absolutely shouldn’t do. Firstly, don’t pick anyone who is your friend or a family member. Doing so would be a conflict of interest for both of you, preventing you from really being able to work honestly together. Also, your relationship could be tainted if things don’t work out. Also avoid dually responsible realtors, meaning they represent both the buyer and the seller. Don’t be afraid to go to a new realtor if you’re not happy with the service. Of course, do make sure you do this respectfully. Don’t tell your realtors that you will definitely sign up with them unless you actually intend to do so. Always honestly tell them at which stage you are. You cannot expect a realtor to be honest with you if you are not honest with them.
Usually, seller’s realtors will ask you sign an exclusive agreement with them. This is completely normal, but it doesn’t mean you don’t have rights. For instance, if you are unhappy with the service, you are within your rights to terminate the contract. The contract stops you from enlisting the services of a different agent at the same time, but is otherwise non-restrictive. If you want to buy a property, on the other hand, you don’t have to sign such a contract. However, some realtors are starting to insist on it. Finally, you must work out just how your realtor makes their money. There are a number of constructions realtors can use. Most commonly, they work on commission although there are also some that charge a flat fee. Before you agree to work with a specific realtor, you have to find out which type of payment construction they opt for.