However, there are many ways to gauge if your agent is doing a good job. Here we look at some of the top signs of a bad real estate agent. For more on real estate agents and whether you need one, read both sides of the argument: Your real estate agent is supposed to be an expert, so look for one who can take the lead and provide you with well-reasoned advice.
That said, your agent should also be acting on your behalf, and must take your final word in the end.
Financing For First-Time Homebuyers. Most state laws force real estate agents to reveal this conflict of interest to buyers, but if you feel your agent isn't being entirely open, beware. Your real estate agent's job is to act in your best interest and ensure that you're happy with the outcome of your real estate transaction.
If you think your agent is preoccupied with his or her own interests, it's time to find another one. The Bottom Line As in every line of work, there are great real estate agents and there are terrible ones. However, in a tough real estate market like this one, you might have to gauge their performance on more than just a speedy transaction, which for home sellers, may be all but impossible.
Find out what happened in financial news this week with Water Cooler Finance: Even if no one has called for a showing of your home, or your agent hasn't found any homes that meet your requirements as a buyer, he or she should be touching base with you regularly to keep you up to date on the work that has been done on your behalf.
After all, there's no doubt you're thinking about your home transaction almost daily - as an agent acting on your behalf, shouldn't your real estate agent be keeping you in mind? Lack of Leadership If your real estate agent agrees with you on every point, this is the sign of someone who's eager to please - not someone who's committed to doing the best possible job at representing your interests in the real estate market.
When it comes to pricing a home for sale, insist that your agent produce the research that was used to arrive at that price. An agent who asks you what you think your home is worth and lists it for that price is a sign of trouble.