The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
The BiggerPockets real estate agent finder is built to connect real estate investors with investor friendly real estate agents in their area. Why use the agent finder? At BiggerPockets, we know how difficult it can be to find a real estate agent that you can trust and understands your goals of investing in real estate. Through this path, BiggerPockets is able to connect homebuyers and sellers to trusted real estate agents in the desired area.
FAQs About Real Estate Agents
What is the difference between a realtor and a real estate agent and a real estate broker?
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.
Real estate agents are also sometimes called a licensee.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.
Do I have to pay the real estate agent fees?
Real estate agent fees are traditionally paid for by the seller. This is something you as a buyer should make sure to be clear on before working with any real estate agent.
Why do I need a real estate agent or realtor?
Real estate agents are experts in their field, and can help you negotiate the purchase of your home.
Not just the actual price, but the many different 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.
How do realtor fees work?
Traditionally, the seller pays a commission to the listing agent, and the listing agent then splits it with the agent representing the buyer.
Questions To Ask Your Real Estate Agent
Before you choose your real estate agent, you will want to make sure they are the right fit for you.
Here are some helpful questions you can ask your potential real estate agent.
How long have you worked as a real estate agent?
Can you provide references?
Can you help me find other professionals?
What marketing tools do you use?
What is your average list-to-sale ratio?
Have you completed any foreclosure or short-sale transactions?
How often can I expect to hear from you? How will you keep in touch?
What should I avoid during this process? What red flags should I look for?
Some real estate agents rave about their jobs, citing huge client bases and big paydays. Others seem to struggle to stay afloat. So, what sets them apart?
Many real estate investors think they need an investor-friendly agent to purchase investment properties. This influences them to ask the wrong questions when vetting potential agents. Don’t make this mistake! Here’s how to choose the right agent for your needs.