Common Misconceptions about Real Estate Agents

Real Estate Agents

If you’re looking to sell or buy a house, real estate agents are the right people to contact rather than trying to buy or sell a Myrtle Beach home yourself. There are many misconceptions surrounding these professionals that can hinder your chances of a successful transaction.

A Myrtle Beach real estate agent should never be late for appointments

Habitual tardiness is a bad habit for professionals, no matter what their profession. No matter if we’re talking about a doctor or a store manager or a Myrtle Beach realtor; everyone deserves respect and that includes being on time for appointments. It is best to look for a different potential agent if the one you are considering hiring does not treat you with this level of respect. Accepting excuses from agents is the same as accepting that things will happen. There are agents who are always late. It is obvious. However, don’t let a few bad apples give the industry an undeserved reputation.

It makes them more money if you pay more for a house

This is one of most common misconceptions. Let’s say you are considering two properties worth $300,000 and $310,000. If you take the latter, the amount that the agent makes is just $150 more. A reputable realtor won’t focus on the higher listing in most cases. Good real estate agents will be more focused on helping clients find their dream home at an affordable price. It is important to know that only about half of large brokerage real estate agents close more than four deals annually. They will have to pay MLS fees and lockbox fees, overhead fees, expenses, as well as their mistakes. You can see that they don’t really earn that much, if you think about it.

Agents must bring you to properties that are in high demand

The agent you’re talking to doesn’t have to show you anything unless you have signed a contract. It is not possible to simply call an agent and ask for homes to be shown. They need to make a living, which means that unless they have a contract to work with you, they will not be obligated to provide their services. Call Full Potential Real Estate, LLC for more information.

They get kickbacks

Since 1974, real estate agents are prohibited from accepting kickbacks from vendors. The RESPA, or the Real Estate Settlement Procedures Act, prohibits such actions. Some listing agents are slower than others to grasp the law. Most real estate agents are well-versed in RESPA and will not do anything to damage their reputation or their license.

Home Inspectors Favor Real Estate Agents

Agents must inform clients about all material facts. Reputable agents will always encourage full disclosure. However, buyers will be better informed about the details of a property if they request a home inspection. Home repairs can be part of the negotiating process when buying a home.

Full Potential Real Estate Agents are reliable and always work for the client’s best interest. You may reach us at (843) 492-4537.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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