Questions to Ask When Hiring a REALTOR
Homeowners should interview a few potential REALTORS® before deciding on one to sell their home. Here are some smart questions to ask:
A freshly-licensed REALTOR® can do a wonderful job and will have up-to-date training; those in the business longer bring more practical experience to the table.
A competent listing REALTOR® should hold a track record for negotiating sales prices that are very close to list prices.
Specifically, how will you sell my home? Where and how often do you advertise? Will you show me a sample flyer? How do you market online?
Ask if any of the references are related to the REALTOR®. Ask if you can call their references with additional questions.
Key phrases to listen for: assertive, available by phone or e-mail, analytical, professional, reliable, and able to maintain a good sense of humour under trying circumstances.
A good REALTOR® makes forms available to you before you are required to sign them. Ask to see agency disclosure, the listing agreement and seller disclosure.
Ask for a written list of referring vendors. Get an explanation if you see the term “affiliated”. It could mean the REALTOR® is getting compensation from vendors.
You don’t have to ask if the fee is negotiable, since all real estate fees are negotiated. It may be a good idea to ask what their commission fee is for your reference.
If you sign a listing agreement with the REALTOR® and later find that you are unhappy with the arrangement, will the REALTOR® let you cancel the agreement?
Pay close attention to how the REALTOR® answers this question, because there is always something you need to know–always.