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BEFORE you hire a Realtor... ask these questions!

Questions to Ask BEFORE Hiring a Realtor

by Sandi Bauman, Realtor, ABR, e-PRO

1. Are you a FULL time Realtor? (IMHO you can find VERY good part timers... you should just know up front who you're getting.)

2. What is your total sales volume this year?

3. How many transaction sides have you closed this year?

4. How do you rank in your company?

5. What price range does your typical listing fall under?

6. How do you rank in comparison to the other 700+ realtors in the Chico MLS area?

7. May I view your personal website?

8. Tell me about your internet marketing programs.

9. Tell me about your traditional marketing methods.

10. Are you currently active in your local Board of Realtors? Do you participate by serving on committees and attending as many Realtor events as possible so you can network with the top people in the industry and keep yourself educated?

11. Do you offer Exclusive Buyer Agency? Will you explain all levels of agency representation and how they apply and affect me?

12. Do you seize every possible opportunity to attend professional seminars and courses to consistently 'sharpen your tools' and stay at the cutting edge. What real estate specialty designations have you received or are you pursuing?

13. Before we agree to work together will you do a 'listening presentation' to give us a chance to get to know each other and so you can learn all of my 'wants?'

14. Are you fully 'automated?' Are you connected to the business with all of the necessary tools of the day? (the latest in software programs such as Relay, smart phones, scanners ... all of those high-tech things which will help you be ultra-responsive to each of my Real Estate needs).

15. After I have purchased my new home, do you have systems in place which will insure that you contact me on a regular basis to keep me current on market conditions? Will you continue your relationship with me even when I am not buying or selling real estate?

16. Where does your business come from? What percentage of your business comes from referrals and how important is this for you? How much time do you spend prospecting versus working on finding me a home?

17. What sets you apart from all of the other Realtors that I know??

Posted Friday Jun 29
(06/29/07 05:06AM) — Todd Murphy

Do I have to disclose that I'm a grocery clerk by day and real estate agent by night and weekends? lol

Very good questions, Sandi.

Thanks, TODD:  I think we have some things to talk about!  Up until last July, I also put my time (only 17 years!) in as a clerk  :)  It was a very tricky situation indeed.  I found that 90% of the time, honesty was the best policy, although there were a handful of people that didn't "approve."  More often than not, I found people respecting the fact that I am a very dedicated, with very strong work ethics.  Their needs were taken care of, so my working at Safeway wasn't an issue.

 

LOUIS:  The answer to both of your questions is YES!  I think these are good questions to ask when you are interviewing realtors.  For most people, their investment in a home is the largest and most important one they will make in their lifetime.  Although a lot of people don't ask the important questions, I firmly believe they should!  As a consumer you should know how adept your prospective realtor is at his/her job BEFORE you hire them to represent you. 

I have had a couple of listing interviews where the clients asked one or more of the questions above.  As a result of the interviews, we gained a mutual respect!  I think I was impressed that they were doing such an excellent job finding a competent realtor to represent them, and they were satisfied enough with my answers to hire me after interviewing several other parties.

PAUL:  You bring up several good points!  I agree that a lot of consumers, given the answers to the questions above, wouldn't quite know what to do with the information.  I often incorporate the sheet above into my listing presentation, thereby presenting an opportunity for the sellers to LEARN why the questions are so important.   The questions are conversation starters.   When answering the questions, I can expound on WHY it's a good thing to have a large percentage of business coming from referrals.  A.  People are happy with the job I did for them, and readily recommend me to assist their loved ones and close friends.  There IS no better testimonial than to have someone entrust their mother or best friend to your professional care.  B.  A Realtor with a lot of referrals is out there in the trenches of the market, not spending tons of time LOOKING for work.  It comes down to experience.

I completely agree that how MUCH you sell has nothing to do with how HAPPY your clients are.  I wouldn't suggest anyone hire a Realtor based solely on ONE of the above questions.  On the other hand, an agents numbers are a good indicator of how successful they are.  If you had to have a heart transplant, would you hire the doctor who makes you feel all warm and fuzzy, but has never before performed that surgery?  Or, would you continue looking until you found a doctor with a good track record of successful transplants, AND makes you feel comfortable?  I think it's important for people to ask outright what an agent has accomplished, rather than hire someone because they see their face in the magazine every month, and assume they must be good at their job!

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