Using A Real Estate Broker
Frequently, the first person you consult about buying a home is a real estate
agent or broker. Although real estate brokers provide helpful advice on many
aspects of home buying, they may serve the interests of the seller, and not your
interests as the buyer. The most common practice is for the seller to hire the
broker to find someone who will be willing to buy the home on terms and
conditions that are acceptable to the seller. Therefore, the real estate broker
you are dealing with may also represent the seller. However, you can hire your
own real estate broker, known as a buyer’s broker, to represent your interests. Also, in Colorado, agents and brokers are allowed to represent both buyer and
Even if the real estate broker represents the seller, state real estate
licensing laws usually require that the broker treat you fairly. If you have any
questions concerning the behavior of an agent or broker, you should contact
Colorado’s Real Estate Commission or licensing department.
Sometimes, the real estate broker will offer to help you obtain a mortgage loan. He or she may also recommend that you deal with a particular lender, title
company, attorney or settlement/closing agent. You are not required to follow
the real estate broker’s recommendation. You should compare the costs and
services offered by other providers with those recommended by the real estate
How To Select A Real Estate Broker
So your best friend just introduced you to her friend, a real estate agent,
and now you can't get rid of him, right? Wrong! Choosing the right
person to sell your home is one of the most important steps of selling.
Therefore, choose wisely.
At a minimum, speak with 2 or 3 brokers from different agencies. Ask
prospective brokers the same list of questions, in order to compare their
answers. Find out what they would do to sell your house.
Above all, choose a broker that you feel comfortable with and like.
This person will help you make the biggest sale of your life, so find someone
you think will do a good job!
The following is a list of questions that may be helpful to ask while
speaking with prospective real estate brokers.
- How many years have you been in business?
- For how long have you sold houses in this area?
- How many houses did you sell in the past year?
- What is your commission?
- If I were to work with you, how would you market my house?
- Will you organize meetings with potential buyers and will you coordinate
- Can you give me names and telephone numbers of other families that have
used your services?
A Teller County Real Estate Agent To Help You!