There is a lot of misconception floating the market about the role of real estate agents. Many home buyers and sellers often doubt their role. They assume they are dishonest and are only out to make extra money from the deal. Therefore it’s very important to clear the negative perception people have about real estate agent.
🙅♂️ 1. Real estate agents are dishonest
This is the most common negative perception frequently shared among many professions.
Some real estate agents may be dishonest but it doesn’t mean that others are the same.
In every profession, you will always find dishonest workers. Today we will argue that most real estate professionals have an honest intent and a servants heart.
In the real estate market, they bring together interested parties and carry out all the necessary steps that are needed to conclude a transaction.
They are licensed professionals belonging to the National Association of Realtors.
This implies that once caught behaving otherwise, they could be charged to pay fines and their license seized.
It’s always advisable to run a background search to know if your agent has a good reputation. The internet makes this pretty easy to do. Run a google search and see what comes up.
Check Online Reviews
Do you see positive Google Reviews like John has? Or, are the reviews mired with negative comments and complaints.
Another place to check is on Yelp and Zillow. Finally, if you want to check on the status of an Arizona agent and their license go to the Arizona Department of Real Estate online search to check an agent’s current status (including any disciplinary actions brought to bear against him or her for license infractions.
💸 2. Realtors Make Easy Money
When it comes to real estate, this myth is very wrong.
As mentioned before their role is to make sure both parties are involved so that the transaction is closed quickly and properly.
This is not as easy a task like it may appear at first glance, as it’s a whole process with many steps.
Real estate agents may end up spending their own money and time and are not paid for their part in a failed real estate transaction. It happens a good bit when a buyer fails to be able to close on a loan or the buyer and seller disagree on terms.
They are normally paid only when the deal is closed.
🕵️♀️ 3. BIG Website Portals Are More Reliable
Many home buyers and sellers have the conception that websites offering fast and hassle free-property listings are better platforms than using real estate agents.
Most often customers are confused with the data and the reliability of the listing is questionable.
Real estate agents are conversant with the local market situation; know current market trends and pricing. So they can better assess your property for sale or you can try an estimate value of your home.
📃 4. Property transactions can be managed without agents
Most often we have the conception that by eliminating the role of the real estate agent, we will save much money for ourselves.
Both the home search and the transaction process are time-consuming.
Real estate agents have an excellent knowledge of the home buying process and the documentation needed to successfully close the transaction.
🙅♀️ 5. Agents are not trustworthy
The reputation of real estate agents has been greatly tarnished because they are often grouped along with other crooked businesses.
It’s no doubt that some realtors are very dishonest.
However, many professional agents are honest and run a transparent business.
It’s very easy to sort out honest realtors from crooks.
A realtor has to be a registered member of the National Association of Realtors.
Members of the National Association of Realtors adhere to strict codes of ethics and are knowledgeable enough to deliver the best quality services that keep both parties at peace.
👨🏫 6. Most real estate agents are uneducated
Most people have the perception that the real estate market is filled with uneducated persons because of the market unorganized.
This is not true as the National Association of Realtors offers Realtors additional educational and designation opportunities for realtors.
Therefore the misconception that most realtors are uneducated have proven to be wrong nowadays, it’s simply a myth.
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