Real Estate Agent
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Questions to ask your agent
- Do you invest yourself?
- Do you have a team? If so, what role do you play in the process?
- What is your Purchase Price to List Price Ratio?
- Why are you a good fit for me?
- What fees and/or contracts am I responsible for?
- Can you provide references?
- Can you help me find other pros?
- How often can I expect to hear from you? How will you keep in touch?
Testimonials and advice from the BiggerPockets community
FAQs about Real Estate Agents
- A realtor is a member of the national association of realtors.
- A real estate agent is anyone who has taken and passed the coursework required by their state.
- The definition of broker varies by state. Some states denote brokers as those who have taken extra coursework and licensure and are approved to manage real estate agents, while other states such as Colorado have the broker designation for all agents.
As of August 17, 2024, homebuyers may have to pay their own real estate agent fees separately from the seller.
This is the result of a settlement agreement between the National Association of Realtors (NAR) and other parties.
The agreement includes the following changes that are important for you to know:
- Listing agents: No longer specify how much the buyer's agent will be paid
- Buyer-agent compensation: Not allowed in listings on Multiple Listing Services
- Contracts: Buyers must sign a contract with their agent before touring any potential homes
- Sellers: Can choose to offer compensation to the buyer's brokers
- Real estate agents are experts in their field, and can help you negotiate the purchase of your home.
- And not just the actual price, but they will help you navigate the many steps involved in the purchase process.
- You are not legally required to use a real estate agent to help you buy or sell your home, but transactions involving agents typically sell faster.
- Click this link to get the facts: NAR Settlement: Get the Facts
Find the right agent,
find the right deal
- Local & national experts
- Rookie-friendly
- Expertise for any strategy
Find the right agent, find the right deal
- Local & national experts
- Rookie-friendly
- Expertise for any strategy