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By Tara-Nicholle Nelson | Published: 11/01/2007
Step 2: Check Them Out
Visit the websites of the Realtors to whom you were referred. Get a feel for the priority they place on technology, their business philosophy, etc. Type their name into the license status check box on your state Commission or Department of Real Estate website; it should read that the Realtor's license is Active and has no history of discipline. Give them a call, drop the name of the person who referred you, and let them know that you're looking to get started buying a home. Mention the geographic areas in which you are interested and ask whether the person works in those areas. Then make an appointment for a face-to-face meeting with the prospective Realtor. If their office is in an inconvenient location, feel free to suggest a coffee shop or restaurant, your place, or some other place where a private, unhurried conversation can be had. Again, don't feel that you have to make appointments with 15 different Realtors; make plans to meet with one or with five based on your comfort level during the phone conversation and the level of trust you place in the initial referral you were given.
Step 3: Initial Consultation
A good Realtor will have a set agenda or presentation for the meeting, which will involve many questions to assess your requirements and preferences. You can facilitate this process by providing the Realtor with your completed Homebuying Wants and Needs Checklist. If you just feel unprepared and empty-handed without a list of questions, here are a few you might want to cover during this session:
By the end of the conversation, you will want to do a gut-level assessment of whether you would trust this person with your closest confidences, and whether she exudes knowledge and professionalism. At the end of the meeting, if you would like to move forward and work with that Realtor as your representative, you will want to have a "loyalty" talk, discussing your level of commitment to working exclusively with that particular Realtor. The standard structure under which commissions are paid to buyers' agents sets up a dynamic which strongly discourages agents from investing much time or energy into buyer clients without some assurance of a loyal relationship. The basic dynamics of commissions and buyer-broker relationship can shed some light on how to inspire and secure a zealous commitment from your Realtor.
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