A good real estate agent makes a big difference in the home buying and selling process. A real estate agent provides value by making home buying and selling simple for their clients. But did you know that not all real estate agents are equally qualified?
Not all real estate agents can be called REALTORS®. Colorado home buyers and sellers can learn more about the difference and why to choose a REALTOR.
How to Choose a REALTOR
When you are trying to find a real estate broker to help sell your home or buy a home, it’s important to find the right REALTOR who can meet your needs. A combination of experience and ethics, along with a clear understanding of their role, will help you choose the right REALTOR.
Before you select a REALTOR, ask them the following questions provided by the NATIONAL ASSOCIATION OF REALTORS®.
Questions to Ask when Choosing a Colorado REALTOR®
Whether you’re buying or selling a home for the first time or the tenth time, asking a few simple questions can make a big difference when looking for the perfect REALTOR.
- What services do you offer?
- What type of representation do you provide?
- There are various forms of representation. Know if your broker represents buyers, sellers, or if he or she facilitates transactions as a neutral party.
- What experience do you have in my immediate area?
- How long are homes in this neighborhood typically on the market?
- Because all homes are unique, some sell faster than others. Several factors can impact the amount of time a home is on the market, including list price, interest rates, and economic trends.
- How would you price my home?
- Ask about recent home sales and comparable properties currently on the market. If you speak with several REALTORS and find their price estimates differ, be sure to ask how price opinions were determined and why they think your home would sell for a given value. Home sellers can also request a Comparative Market Analysis (CMA) from their agent.
- How will you market my home?
- At listing presentations, brokers will provide a detailed summary of how they market homes, what marketing strategies have worked in the past and which marketing efforts may be effective for your home.
- What is your fee?
- Brokerage fees are established in the marketplace and not set by law or regulation. The commission is the agent’s rate for handling your transaction. Ask if there are other fees.
- What disclosures should you receive?
- State rules require brokers to provide extensive agency disclosure information, usually at the first sit-down meeting with an owner or buyer.
To search real estate agents and REALTORS that specialize in your favorite Colorado neighborhoods, find a Colorado real estate professional on REcolorado.com.
Originally published November 2, 2017 — Updated April 30, 2020