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10 questions to ask when interviewing a Realtor – Bankrate.com

Buying or selling a home is one of the most financially significant transactions most people engage in. And taking this step amid an especially competitive real estate market, as we are experiencing now, is no small matter.

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Buying or selling a home is one of the most financially significant transactions most people engage in. And taking this step amid an especially competitive real estate market, as we are experiencing now, is no small matter.

A great real estate agent makes the process less daunting. But selecting an agent to work with can be challenging — and there are more Realtors now than ever before. At the end of 2021, the National Association of Realtors (NAR) membership reached a new all-time high with more than 1.5 million members, an increase of more than 100,800 over the previous year.

With all of these professionals vying for your business, how do you decide which agent is right for you? Taking the time to interview candidates is important. These 10 questions can help you find the perfect match for your needs.

Interview questions to ask a Realtor, whether you’re buying or selling

Whether you’re a buyer or a seller, there is some general information that you’ll want to know about each candidate you’re considering. These three questions will help you decide whether a Realtor has the professional expertise, local market knowledge and communication skills you’ll need in a partner on your real estate journey.

1. How long have you been in business, and what is your sales volume?

“When you’re placing what is most likely your largest investment in the hands of a professional, it’s important to understand their level of experience in the industry,” says Jen Horner, a real estate agent with RE/MAX Masters in Salt Lake City, Utah. “You’re looking for signs that the Realtor knows the market well and will protect you and your money throughout the transaction.”

As part of this question, ask for sales data to back up the candidate’s recent transactions, and ask them to explain the trends they’re seeing in the market. These might include such details as supply and demand, the number of days a property is staying on market and what contractual terms are winning deals from both a buyer and seller perspective, says Horner.

2. How will you communicate with me, and how often?

It’s important for you and your agent to be on the same page from the start regarding the type and frequency of their updates. For example, if you prefer speaking on the phone, you probably won’t be happy with someone who communicates exclusively via text.

“Whether buying or selling, you want to feel their level of respect and commitment to you as a client from the moment you sign with them,” says Horner. “You want them to understand your expectations and the mode of communication you …….

Source: https://www.bankrate.com/real-estate/questions-to-ask-a-realtor/

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