Real Estate Agents :

Real estate agents have their fair share of bashing from other players in the real estate business, and in most instances, they receive more than what they really deserve. However, for most people who know how things come down in business, agents are acknowledged for their critical role in delivering market information and helping home buyers and sellers wrap up deals.

Whether you are buying or selling a home, it is extremely important that you observe caution when hiring a real estate agent to guide and help you through the transaction. You have to remember that these professionals are providing their services to earn a commission. Finding the right agent is a critical element of the entire home buying or selling process. This is the main reason why you need to be aware of several important tips so that you can avoid ending up with real estate agents with not-so-good intentions.

Here are 5 essential requisites you have to consider when hiring real estate agents.

#1 - Do not hire a relative or a close friend

This may not be too obvious for most of us. A lot of people expect that family members or close friends will serve and protect their interest more than any other person. On the contrary, your personal relationship with them may even be the source of problems. You have to remember that they will still work for you to earn a commission, and this will be their main motivation. As much as possible, you must avoid hiring a relative or a close friend as your real estate agent. If things don't work out well, then you will find yourself in a very difficult situation of having to confront a family member or friend, and this will seriously affect your personal relationship with them. You have to remember this basic rule - it is easier to fire a stranger than a family member.

#2 - Do not deal with dual agents

Dual agency exists when both the buyer and seller of the same property are represented by real estate agents that belong to the same principal real estate broker. There are even cases where one agent ends up representing both the buyer and the seller. The first condition may be as serious. However, the latter setup is definitely a no-no in real estate transaction. This situation constitutes conflict of interest, and you must not enter into a transaction where both parties are represented by the same agent, regardless whether you are the seller or the buyer.

#3 - Do not allow your agent assume the role of a home inspector

Having a real estate agent who goes the extra mile to point out hidden defects and structural issues on the property that you are intending to buy is good. It is a clear indication that they are looking out for your interest, which is actually their primary responsibility. This gives you the peace of mind that you are being given valuable information and guidance by someone who has the experience when it comes to real estate properties. Will you allow this kind of setup?

Regardless of the competency and experience of your agent in home construction and moisture intrusion, you cannot possibly rely on him when it comes to these issues as they are not qualified to provide such kind of service. If your agent insists that you don't need to hire the services of a qualified home inspector, then this means that you should begin looking for another real estate agent. Licensed home inspection professionals have the technical expertise and qualification to carry out the required home inspection activity.

They also have insurance coverage for errors and omissions that are specific to the kind of service that they are authorized to provide. This means that you have legal remedies when you deal with legitimate home inspectors and their insurance coverage becomes your safety net in instances where they may overlook defects and serious structural problems in the property that you are planning to purchase.
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