How to Select a Realtor to Represent You in Buying or Selling Investment Properties
Selecting a Realtor usually involves a personal interview. It should perhaps begin with checking the agent's credentials, then discussing your needs and finding our how that agent works to find the home you want and perhaps also to sell your current property. In this way you will know what to expect.
The credentials that are important are based on education, experience and success. Real estate education is shown by licensing differences, the highest level being the Broker's License. This license is issued to those who have completed a series of college-level classes and passed a rigorous examination. Brokers have the right to operate a real estate office and to employ and supervise real estate salespeople.
In addition, other certifications that identify added knowledge and experience are the CRB and CRS designations. "CRB" stands for "Certified Residential Broker" and denotes the office manager who has the prescribed education and experience.
The "CRS" designation, which stands for "Certified Residential Specialist," denotes a Realtor with a combination of education and required experience. This designation has been awarded to less than 5% of Realtors nationally. The CRS designation is a good measure of quality representation, as is its companion CRB.
Experience and education are excellent means to evaluate competence. Some elements to look for in the Realtor's list of qualifications are:
-----Preferably a Licensed Real Estate Broker1
-----Certified Residential Specialist2
-----Accredited Buyers Agent
-----At least 10 Years of Experience Selling Homes in the Area
-----Affiliation with a Highly Respected Firm
-----References from Satisfied Clients & Permission to Call
-----Local Resident, Active in the Community
*Licensing requirements for real estate brokers are far more demanding than those for sales agents.
**Designation as a Certified Residential Specialist (CRS) signifies that the Realtor has met both education and experience requirements...only about 5% of Realtors have received this CRS designation. However, some company designations are deceptive as they use similar abbreviations such as CRS to designate "Certified Relocation Specialist." These look-alikes do not have the rigorous requirements of the Certified Residential Specialist (CRS) designation and are an improper use of the trademark.