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Monday, May 21, 2007

Role of a Real Estate Agent

A real estate agent is to provide services to buyers and sellers. Generally he represents either a buyer or a seller at a time. He has to truthfully protect the interests of the party he is representing.

In this age of great competition, one should be careful with some eager real estate agents. My experience has been that many of them are more anxious to get a deal stuck as soon as possible.

Once when I was looking at an investment property, the broker who was to represent me was trying more to push up the sale rather than judging the proposal on its own merits. Many times these agents will be blind to the interests of a buyer or a seller and will be more looking at their own.

After all real estate brokers are also human beings. I have nothing against them. But I want to emphasize that any buyer or seller should not surrender to their views without understanding investing by himself.

Every buyer or seller of a property should be in complete control of the situation. It is important for a buyer to understand the condition of the property, the prevailing real estate market, the financial implications and one's own strengths and weaknesses.


I have also found from my experience that some real estate agents are not qualified enough. It is possible that a buyer or seller will have more real estate knowledge. This especially happens when a real estate agent is new to the profession, is working only part time, is not committed enough and is not painstaking.

One has to be careful while selecting a real estate agent. One should ensure that he is fairly experienced, has been long in the real estate market and is working full time in this business.

Another strategy that I would follow is to take the services of more than one real estate broker or agent. This way, one is sure to get better services.

In any case, a real estate agent performs an important role in the society. He has the responsibility of fulfilling an indispensable need of people. This makes it doubly important that a real estate agent is as thorough and above board in his dealings as possible.

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