Selecting a Real Estate Agent: License
When you are selecting a real estate agent, you obviously want the best in town. However, with agents showing off their expertise through online ads, yard signs, sponsored public benches and online ads, how do you cut through all the hype? You need to opt for someone who has been in the business for years and has a good reputation. Simply having an interest in real estate is not enough when you are in search of a professional. The complex industry requires years of in-depth knowledge about market trends and extensive years of training.
Like other professionals, real estate agents must obtain a degree and secure a license after rigorous testing. In some countries, it is against the law to practice real estate without obtaining a license. This includes individuals who buy, sell and rent properties. In some cases, an agent can be employed by a licensed real estate agent, acting as their representative.
What is a Fully Licensed Real Estate Agent?
To achieve the status of a fully licensed real estate agent, the applicant must fulfill more extensive criteria set by the State Government. The license system was introduced to protect consumers. Most new home buyers do not have the extensive knowledge required to thoroughly inspect a house before buying it, let alone, negotiate the right price. However, by working with a licensed real estate agent, you can ensure you are in good hands and the individual has thorough knowledge about how the system works.
Additionally, fully licensed real estate agents are more trustworthy and experienced as they are competent enough to manage and own an agency. Real estate agents are also legally entitled to perform as auctioneers. This is because a licensed real estate agent has undertaken a detailed course of study. This includes topics such as leasing, business finance, marketing practices and accounting. Customers are also likely to benefit more from a licensed and certified real estate agent, as they are required to attain at least one-year experience as an agent’s representative.
Why choose a licensed agent?
Here are some important reasons why you should select a real estate agent with a certification and license:
- Successful Deals: The more your agent knows about the business, the greater chance you have in securing a successful deal. Having someone with sufficient insight about the business can help you get an edge when it comes to structuring the contract and selecting the right property. Not to mention, you will feel more secure and relaxed with a licensed professional who understands the importance of a legally binding contract. Hiring a licensed real estate agent will offer you a better perspective that can save you tons of money and time in the long run.
- Extensive Network: A licensed and certified real estate agent is sure to have an extensive network in the rental properties business because of his years of education and experience. This guarantees the real estate agent may be able to pull some strings when it comes to negotiating a price or identifying faults in a house.
As a potential buyer or seller, it is imperative you invest in the right real estate agent. Selecting a licensed agent is mandatory in most cases, as the job will require legal work. Do not simply settle down for the first people to meet your requirements, ask for references from friends and family members and interview candidates. Buying or selling a house is a huge decision so ensure you have hired the right people for the job.