Questions to Ask a Realtor
Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. At Streett Hopkins we are REALTORS® who provide top-notch services to meet your unique needs.
- How long have you been in residential real estate sales? Is it your full-time job?
While experience is no guarantee of skill, real estate—like many other professions—is mostly learned on the job. At Streett Hopkins our agents have an average of 20 years of experience, and we’re full-time to always be available for you.
- What designations do you hold?
Designations such as GRI and CRS®, which require that agents take additional, specialized real estate training, are held only by about one-quarter of real estate practitioners. Our agents hold various forms of designations.
- How many homes did you and your real estate brokerage sell last year?
By asking this question, you’ll get a good idea of how much experience the practitioner has. In 2014 our team sold around $25 million worth in homes.
- How many days did it take you to sell the average home? How did that compare to the overall market?
When you meet with us we’ll provide a market analysis that is specific to your area and property type.
- How close to the initial asking prices of the homes you sold were the final sale prices?
Historically our team average is over 95% of the listing price. Pricing your home intelligently with our expert advice will get you better results.
- What types of specific marketing systems and approaches will you use to sell my home?
Your property will be featured on all the top realty websites, including ours. We won’t just put a For Sale sign in the yard and hope for the best. With our aggressive and innovative approaches, we know how to market your property competitively on the Internet. Anyone can list. We sell.
- Will you represent me exclusively, or will you represent both the buyer and the seller in the transaction?
All agents may not be representing your interests, so it’s important to understand where the practitioner’s obligations lie. Your REALTOR® should disclose his or her agency relationship to you and describe the rights of each party. Our team can represent buyers and sellers.
- Can you recommend service providers who can help me select a mortgage company, title company, inspectors, home repair company, and other things I need?
Because REALTORS® are immersed in the industry, they’re wonderful resources as you seek lenders, home improvement companies, and other home service providers. Practitioners should generally recommend more than one provider and let you know if they have any special relationship with or receive compensation from any of the providers. Our past experience gives us many contacts and we do not receive compensation from any of the companies we will recommend.
- How will you keep me informed about the progress of my transaction? How frequently?
Again, this is not a question with a correct answer, but how you judge the response will reflect your own desires. Do you want updates twice a week or do you prefer not to be bothered unless there’s a hot prospect? Do you prefer phone, e-mail, or a personal visit? Our team will be available to communicate with you as needed, in the format you prefer.
- Could you please give me the names and phone numbers of your three most recent clients?
We want to earn your trust, and if you’d like to ask our clients about their experience in working with us, references are available upon request.
Reprinted from REALTOR® magazine with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.