Common Misconceptions About Real Estate Agents

home buying Myrtle Beach

home buying Myrtle BeachReal estate agents are the best people to go to if you are looking to buy or sell a home. However, there are a lot of misconceptions about these professionals and these can hurt your chances of having a successful transaction.

Always Late For Appointments

Professionals or not, habitual tardiness is never a good thing. It does not matter whether we are talking about a doctor, a store manager, or a realtor, everyone’s time should be respected and that means being punctual during appointments. If the potential real estate agent that you are planning to hire does not show you this kind of respect then it is best for you to find a new one. Clients who accept agent’s excuses is just like accepting tardiness to happen. It is undeniable that there are some agents who are always late. But don’t allow a few bad apples to give the whole industry an undeserved perception.

Makes More Money If You Pay More For A House

This is one of the most common misunderstandings. Let’s take for example a property that is worth $300, 000 and $310,000. If you take the latter, the amount that the agent makes is just $150. In most instances, a reputable realtor will not concentrate on something like this. A good real estate agent will focus more on finding their client’s dream home at a price they can afford. Additionally, the annual salary of a Myrtle Beach real estate agent is $36,000. You should also know that nearly 50% of the real estate agents in large brokerage close four deals per years at most. They need to pay MLS fees, lockbox fees, overhead, expenses, and even their errors will cost them. So you see, they really do not earn that much if you come to think of it.

Agents Must Bring You To Properties That Are On Demand

Unless you have agreed and signed to a contract with a real estate agent, the agent that you are talking to does not need to show you anything. You cannot just call their office and demand that you be shown homes for free. Real estate agents need to earn, too and that means unless you are going to sign a contract with them, they are not obligated to offer you their services.

They Get Kickbacks

Real estate agents have long been prevented from receiving kickbacks or favors from vendors. Such actions have been against the law since 1974. It is prohibited by the RESPA or the Real Estate Settlement Procedures Act. There are some agents who are slower than other realtors to understand how they are affected by the law. However, most real estate agents know about RESPA and will never do anything to jeopardize their reputation and their license.

Home Inspectors Favor Real Estate Agents

Agents should inform their clients about material facts. Buyers are better off knowing everything they need to about a potential property. A reputable agent will always favor full disclosure. He or she will also do everything to make sure repairs are done or assist the buyer in canceling the transaction if necessary.

If you wish to work with a reputable real estate agent, call Full Potential Real Estate now.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577

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