Choosing The Right Broker

Choosing a Real Estate Broker can be stressful, overwhelming and sometimes lead to disaster. 

Sometimes following some easy steps can make the process less heavy and avoid expensive mistakes!

 

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1. Talk with recent clients

Ask agents to provide a list of what they've listed and sold in the past year, with contact information. Before you start calling the names, ask the Broker in question,  if anyone will be "particularly pleased or particularly disappointed,"  with their work.

2. Look up the licensing

Always check with the OACIQ to see if any complaints or grievances have been lodged about the broker in mind. 

3. Select an agent with the right credentials

Just as doctors specialize, so do real estate brokers. And even the most common of brokers will get additional training in specialized areas, such as financial mentorship training. So that alphabet soup after the name can be an indication that the person has taken additional classes in a certain specialty of real estate sales. Always feel free to ask a broker if they are certified in any specialized areas/proficiency.

4. Research how long the Broker has been in business

You can often find out how long the Broker has been selling real estate just based on the registered license. 

Ultimately, what you're looking for is someone who is actively engaged in a particular area and price range. You'll want to know what knowledge of those two factors they can demonstrate and "what kind of market presence'' the Broker has.

5. Look at their current listings

You also can look at how closely the Brokers listings mirror the property you want to buy or sell. Are they in the same area? Is the price range similar? And does the Broker have enough listings to indicate a healthy business but not so many that you'd just be a number?

6. Character is Everything

Ultimately you need to be comfortable with your Broker - if you feel that you don't see eye to eye or that the Broker ultimately doesn't understand your perspective or needs,  then it's time to move on.

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