Saturday, September 13, 2008

Bad agents...

Read what US News has compiled after talking with many individuals involved and dealing in the real estate industry as the six signs that indicate a client might be dealing with a Crummy real estate agent.

I included have encountered agents while in the process of purchasing my first home (before I became licensed) some individuals who I would describe to have some of the characteristics listed below. I once had this agent who made an appointment to meet us a Saturday but never show up and then had the face to tell us he had waiting for us for two hours.

One of my first clients were my parents I asked them to be honest with me about everything if they were unhappy or if they felt neglected trough out the transaction, that input from my parents was something that helped me out in the future from then on I have always treated my client as family, someone who I dearly want to help and to advice in the complicated process of buying or selling a home.

1. Out of pocket. Communication, if your agent doesn't return your phone calls in a timely fashion or disappears without warning for weeks at a time, you should probably find someone else or end up waiting whole days in the dark.

2. No advice. Let's face it; even homeowners who have been through several real estate transactions can benefit from a little advice from their agent. But if an agent doesn't offer any advice, it could be an indication that he or she is not fully engaged in the process.

3. Insists on affiliates. Real estate agents who insist on clients' using a particular lender or affiliated company for the transaction should also trigger alarm bells. That's a huge red flag because you should be able to use whoever you want to use.

4. Part-time gig. Just because a real estate agent has a license doesn't mean it's his or her full-time job. And while some part-time agents are certainly capable. If your real estate agent is actually a waiter, waitress, or [another profession], then you are probably not going to be happy with where their priorities are.

5. Keeps it in the family. A real estate agent who shows buyers only properties that are listed with his or her brokerage could be subordinating the client's best interests. By limiting the inventory, agents are not doing their job representing a buyer.

6. Behavior problems. State agencies, keep the records of all disciplinary actions taken against their agents. It's a good idea to check with the state agency simply to ensure that your agent is in fact licensed—as scam artists have been known to pose as real estate agents to perpetrate fraud.

Read the article


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