Choosing A Real Estate Agent: Red Flags To Look ForChoosing A Real Estate Agent: Red Flags To Look For

Whether you are buying a home or selling a home it is important to choose the right real estate agent because if you choose the wrong agent the transactions can be botched leaving you without a home to buy or the inability to sell your home. Although the real estate agent may work for a company they may still be considered an independent contractor. The reason is that they are paid a commission based on how many homes they sell. The commission is paid from the proceeds of the sale but it has to be split equally between the agent that listed the house and the one that sold it but this is not the end. Each agent will usually have to pay a share of their commission to the broker who owns the office where they are affiliated. Most are conscientious real estate agents who will do their best to make sure that their customers are satisfied and have the house they want or sold their home because their commission is dependent on the sales.

Unfortunately there are some real estate agents who are not conscientious about their dealings and should be avoided. Here are some red flags that can help you determine whether or not to hire a particular real estate agent.

• The real estate agent suggests the highest price for your home--if you are selling your home you should get listing presentations from other agents which will tell you how long a comparable home took to sell and what they sold for. If your house is priced too high it will take a longer time to sell and many times it will sell for less because the home owner needs to sell it for a variety of reasons and does not have time to wait for it to sell at the price listed.

• The real estate agent does it part time or on the side--it does not matter if you are selling or buying a home you want to make sure that the real estate agent is following the market actively every day. One reason is that if you are a buyer you want to have a real estate agent that can immediately tell you about any new listings that fit what you are looking for and get you a viewing immediately. If you are selling your home you want to make sure that your real estate agent is available to show your home to prospective buyers when they want to see it, not when the real estate agent has time to do so.

• The real estate agent charges a lower commission than other real estate agents--most commissions are traditionally five to seven percent. If the commission on the house you are selling is lower than these percents there will be fewer agents that show your house to prospective buyers because the commission when split between the selling and buying agent is too low and not worth the trouble.

Do your research before choosing the real estate agent to sell your home or find you a home.

by MohitJain
References and Bibliography
This article is penned by Mohit Jain for Ruchi Realty, a real estate company with major real estate Kolkata projects in full swing. Their premium high rise residential tower Active Acres Kolkata is one of the hottest upcoming Projects in E.M Bypass, Kolkata. So if you are looking for flats in Kolkata then this property is worth buying.
Rated:NR/0 Votes
Add To My Article Reading List
Add To My Article Reading List
Print Article
More Article By MohitJain
More Article by MohitJain
More Articles From Real Estate
More Articles From Real Estate
Related Articles and Readings
Checklist For Buying Your First Home By: MohitJain
Buying a home, whether it is your first or fifth home, is a big investment and a long term monthly payment so you want to make sure that you are getting the home you want If you have bought a home before you know the steps to take from start to ...
Real Estate Rental Property Investment Opportunities By: MohitJain
Before you invest your money in real estate there is one important fact that you should know to help you avoid significant financial hardship or even personal bankruptcy You should not put any real estate investment in your name ...
Kolkata Real Estate Buzz By: Simone James
Real estate sector in Kolkata is going through industrial as well as residential enlargement since a long time Attempting to stay in par with the recent trends in other metropolitan cities, Kolkata is also opening doors to recent day real estate ...
Know Some Ways To Find Jobs In Kolkata By: Tomaken Chaien
Various ways one can find Jobs in Kolkata. They can get jobs from the job portals or the job consultancy firms or the newspapers. They can also get the news of jobs from their friends and relatives. ...
Web Design Services Divided Between Graphics And Text Contents By: Fellicia Smith
This article is for serious business owners who are willing to sell their web design services online. Small mistakes are more effective but are often ignored because of our over-confidence. The article will telegraph such errors which are ignored during the making of the client's business website. ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more


  • » Active Categories: 419
  • » Active Articles:252603
  • » Active Authors:31917
  • » Active Members: 38237
  • » Statistics Updated:
    - Tue Sep 1st, 2020 09:28AM EST