5 Tips to work with a real estate agent
Please click Podcast listen to Cantonese interview
1) Agency relationship: The agency relationship exists between you, the principal, and your Brokerage, the company under which the individual (Real Estate Agent) who is representing you, is licensed. Client can terminate working relationship with her realtors anytime without any penalty. There are 2 types of cancellation. One is "Conditional" & the other is "Unconditional".
2) How does a realtor get pay? It is important for you to understand how we get paid. We get paid on results rather than hourly wage & that’s what gives us the “incentive” (commission) to work at all hours of the day & night. The level of incentive might affect the real estate agent's level of commitment to their client.
3) How professional is the realtor? Well, since the Real Estate Board allows realtor to have second income, it is important for you to find out if your realtor devotes her time to be a full time professional realtor. It is important for you to use your life experience to judge if the agent is a “Tail Gate Realtor” or not. That's when the last time you saw your real estate agent was when you signed the contract and saw their tail lights as they drove away.
4) Knowledge & know how: To listen what our clients goals are. Give “Ultimate Service” to our clients by providing our experience & knowledge in order to protect their biggest investment in their life.
5) People before Profit: real estate agent needs to look after her client’s best interest & her commission should be secondary
