Explanation:
Don't provide any information to the agent prior to signing a contract if you don't want it to be shared with other agents and potential purchasers. Before disclosing sensitive material, wait until you have formally committed to collaborate.
Explanation:
The commission for a listing agent is typically between 5 and 6 percent; but, unless you are working with a discount agency, they won't typically go much below 4 percent.
Explanation:
When you interview agents, ask them to provide you with a CMA that includes a listing price they calculated using recent sales data for properties similar to yours. The analysis is a sign of a skilled agent if it agrees with your own research into local market values.
Explanation:
Agents are able to attract more potential purchasers to homes thanks to their marketing expertise and contacts, which nearly always results in a final sales price that is 3 to 11 percent higher.
Explanation:
The Multiple Listing Service (MLS) is a database of available houses that can assist agents in locating recent comparable sales and promote your listing to buyers' agents and other brokers to ensure that a home draws in the most potential purchasers.
Explanation:
Realtors follow a stronger code of ethics and go through more training than other agents because they are members of the National Association of Realtors. But in order to legally function as a real estate agent, one need not be a Realtor.
Explanation:
Frequently, real estate agents who guarantee a listing price well above market value are attempting to "buy" your commission by suggesting a price they will ultimately have to lower if it fails to draw in potential purchasers.
