People generally make opinions about the real estate industry as well as the agents in general. However sometimes opinions and facts differ from each other. Every profession has some people who do their work with sincerity and it also includes those people who can spoil the industry’s reputation.
Various websites try to promote mistrust in realtors. However when you are searching for an agent, it is always important to get your facts right. This article deals with some of the commonly believed misconceptions about the realtors and the truth behind them.
Being a realtor is easy
Role of a real estate agent often lies beyond organizing open houses and waiting for potential buyers. The job of a realtor is often challenging as it requires hard work, up to dated knowledge and enough time along with commitment. The agent is responsible for advertising the property along with setting its price. Various agents work overtime to secure the deal.
They use unfair practices
Some agents make use of unfair practices to earn money however everybody is not the same. The commission of an agent vary with the market variables and it can sometime drop to a low of about 6% of the property’s value. The commission earned after selling a property is often divided between the buyer and seller’s agent.
Therefore people think they earn huge profits but they do not see the other side of being a realtor. Properties are not bought or sold regularly, even if the realtor gain huge profit in a deal they have to remain without pay checks for 3 to 4 months.
Agents often hide details
Another popular misconception amongst the residents is that the realtors often hide some part of the information from them to strike a deal. This is not true. If you plan to sell a house which is need of repair work, the agent would clearly disclose all the issues to the buyers. They do not hide any type of information about the house. However if they try to hide important information, they can face legal action.
Agents do not qualify for their commission if the property sells quickly
Many people think that if a property is sold at a quicker rate, the agents should ask for less money because they have not invested their time in advertising the place. However if the property stays in the market for a longer time, then the commission is justified. This is not the case. Whatever be the situation, an agent should be rewarded for his efforts.
All agents offer same services
Property owners believe that agents work for their own benefit and are least interested in taking care of the needs of their clients. However by choosing a realtor after doing a research, people can come across different real estate agents, who seriously work for their client’s interest. A good estate agent can be regarded as a valuable asset.
So the next time, you plan to hire an agent to sell your property, forget about all these misconceptions and hire a dependable realtor to get the best price for your house.
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