The Real Estate Industry is a really interesting one. For the most part it is a sales industry, and very little education is required, for interest. For most states the education requirement is just 120 hours. Yet, real estate agents are responsible for handling the most expensive financial transactions most people ever have. Real estate agents also deal a great deal with contracts and legal issues.
Even though almost anyone can get a real estate license, only the good ones can actually make it. Because real estate agents rely on full commission sales, over time, the bad ones are usually weeded out because they can't actually make a living selling real estate. Here are four signs you have a bad real estate agent:
1. Your Real Estate Agent Has Another Job - A real estate agent essentially is a small business owner. If they can't even successfully operate a tiny business, with very low overhead, then why should you trust them to sell your house? In addition, how available will they be to answer questions, or show your house if they are working their "other job." If they can't adequately manage their own finances, how are they going to help you out?
2. Your Realtor Doesn't Understand Basic Economics - The reality is that in most real estate markets, home prices are still going down, and there is a huge surplus of real estate inventory. Real Estate agents who allow listings to be overpriced are just doing a disservice to their clients and themselves. Real Estate agents need to understand the realities of the market, and explain the facts to their clients.
3. Your Property Listing Has Bad Photo's - The most valuable thing real estate agents can do to feature a property is to show good photo's that highlight the positive aspects of your home. Some MLS listings still have terrible pictures or even no photos at all. A picture is worth a thousand words, and with so many listings out there, the online listings need to sell a property if it is going to get shown.
4. You Can't Get Hold of Your Agent - Communication is by far one of the most important attributes good real estate agents possess. They need to be able to communicate readily and be available. If real estate agents don't answer calls, or quickly respond to emails, they are missing out on opportunities to sell your home. Real Estate agents also need to be able to communicate feedback, both good news as well as bad news.
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