1. Services are usually paid by the seller. The agent you work with will typically be paid from part of the commission take from the sale price of the home.
2. Agents know how to negotiate with a seller and other realtors. Home negotiations can be complicated and involve a wide range of factors. Your agent will look out for your interests and look out for items you may have missed. From the purchase agreement to closing, their job is to make sure you get the best deal.
3. Agents know what to look for in a home. A knowledgeable agent can help you determine whether a home is a smart investment, compared to comparable homes in the neighbourhood. A realtor is also a great resource for information on the area and surrounding facilities.
4. Agents have access to Multiple Listing Service (MLS) and will keep tabs on the marketing for you. The MLS gives agents the latest information on every home listed by a real estate agent in your market. Using this system, a realtor can tell you how long a property has been on the market and special features it may have to offer.
5. Agents can direct you to all the people and services you will need to complete the deal. An agent can recommend house inspectors, title companies, and tax and legal professionals.
6. An agent will keep the deal rolling. When you submit a purchase agreement on a home, you suddenly have a lot of things to do in a short period of time. Your realtor can help orchestrate the buying process so that nothing is left undone.
7. Agents are bound by ethics and the law. You can expect competent service form real estate agents because they are required to be honest and thorough while representing you.
8. Agents provide undivided loyalty. Your agent must protect your negotiation position at all times and disclose all known facts which may affect or influence your decision.
9. Agents must obey all lawful instructions from you.
10. Agents are obligated to work in confidence with you.
