
More
than 2 million people in the United States have earned real estate
licenses. However, real estate is a tough business with a steep
dropout rate, and the result is that only a small percentage of
those with licenses actively help buyers and sellers.
The
National Association of REALTORS (NAR) includes 1 million brokers
and salespeople, individuals bound together with a strong Code
of Ethics, extensive training opportunities and a wealth of community
information. NAR members are routinely active in PTAs, local government
committees and a variety of neighborhood organizations. Being
actively involved in community affairs provides REALTORS®
with a better understanding of the area in which they are selling.
Why
use a REALTOR?
Buying and selling real estate is a complex matter. At first it
might seem that by checking local picture books or online sites
you could quickly find the right home at the right price.
But
a basic rule in real estate is that all properties are unique.
No two properties -- even two identical models on the same street
-- are precisely and exactly alike. Homes differ and so do contract
terms, financing options, inspection requirements and closing
costs. Also, no two transactions are alike.
In
this maze of forms, financing, inspections, marketing, pricing
and negotiating, it makes sense to work with professionals who
know the community and much more. Those professionals are the
local REALTORS who serve your area.
How
do you choose?
In every community you're likely to find a number of realty brokerages.
Because there is heated competition, local REALTORS must fight
hard to succeed in your community.
The
best place to find a local REALTOR is from REALESTATELOUISIANA.com's
member directory. Other sources include open houses, local advertising,
Web sites, referrals from other REALTORS, recommendations from
neighbors and suggestions from lenders, attorneys, financial planners
and CPAs. The experiences and recommendations of past clients
can be invaluable.
In
many cases buyers will interview several REALTORS before selecting
one professional with whom to work. These interviews represent
a good opportunity to consider such issues as training, experience,
representation and professional certifications.
What
should you expect?
Once you select a REALTOR® you will want to establish a proper
business relationship. You likely know that some REALTORS®
represent sellers while others represent buyers. Each REALTOR®
will explain the options available, describe how he or she typically
works with individuals and provide you with complete agency disclosures
(the ins and outs of your relationship with the agent) as required
in your state.
Once
hired for the job, the REALTOR will provide you with information
detailing current market conditions, financing options and negotiating
issues that might apply to a given situation. Remember: Because
market conditions can change and the strategies that apply in
one negotiation may be inappropriate in another, this information
should not be set in stone. During your time in the marketplace
REALTORS® will keep you updated and alert you to each step
in the transaction process.
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