Question: Can You Trust Real Estate Agents?

A career means longevity and these agents will generally be more business-like and ethical than agents of old.

That does not, however, necessarily mean you can trust your residential real estate agent.

So, like any profession paid by commission, the agent has a strong incentive to see you close a deal.

Do real estate agents lie about offers?

There are several ways an unscrupulous real estate agent can lie about an offer. They do not have to lie directly either. Sometimes a lie can be one of omission. On other occasions, they can make statements that mislead you into believing something about an offer.

Can I sue my real estate agent?

Lawsuits against real estate agents may be based on a number of different claims. Such claims may include allegations of misrepresentation, negligence, lack of disclosure, secret profits, conflict of interest, etc. If agents breach their duties, through negligence or other breach, they can be liable for damages.

Do real estate agents have your best interests at heart?

First of all they’re not a “real estate agent”, they are a marketing & advertising agent for real estate that sells marketing & advertising, not real estate/real property. They/most only have one “best interest at heart”, their commission. They/most only have one “best interest at heart”, their commission.

How do I find a real estate agent?

How to find a real estate agent

  • Talk to a lender before you hire a real estate agent.
  • Get referrals from your network.
  • Research potential candidates.
  • Interview at least three real estate agents.
  • Request references — and check them.
  • Go with your gut.
  • Take a close look at your contract.

Should you offer less than the asking price?

In a sellers’ market, you would be foolish to offer less than the asking price (if that price reflects the current market value of the home). While in a buyers’ market, you have less to lose by offering below asking price. Even if the seller rejects your initial offer, they will likely come back with a counteroffer.

Why do Realtors not like Zillow?

The tension between Zillow and real estate agents goes back many years. This redirects some buyer inquiries away from listing agents to agents who pay Zillow. Realtors say this damages their sellers because buyers get information from agents who have never seen the home.

Can your realtor lie to you?

If you’re thinking about selling your home or are selling your home and have realized that a real estate agent is lying to you, you’ve now been presented with one of the most common signs that you’ve hired the wrong real estate agent. Some of the lies that real estate agents tell home sellers are actually very common.

Do real estate agents lie?

The Lie: “Our commission is not negotiable.”

The only thing that isn’t negotiable is the real estate agent’s commission. Why they tell it: No real estate agent wants to accept a lower commission. As such, agents will often tell clients that their commissions are not negotiable.

What can you sue your realtor for?

One of the most common lawsuits brought against real estate agents is for breach of duty. Real estate agents are held to a high standard of honesty and full disclosure. Any breach of this duty, whether from negligence or intentional action, is subject to the risk of a lawsuit.

How do you get a real estate agent to work for you?

Tips for Working with your Real Estate Agent

  1. Choose one agent and one agent only.
  2. That said- don’t be afraid to move on.
  3. Let your realtor know how you operate.
  4. Go into the relationship knowing where you stand.
  5. Know the difference between your Wants and your Needs — and make that clear.
  6. Ask questions — lots of them.
  7. Using a Realtor to Sell Your Current Home.

Do real estate agents show houses?

Agents do not work for free. You might ask, “Isn’t that the job—to show their listings?” Yes, an agent is obligated to show client’s homes, but if you are working with another agent, typically your agent will show you the home. To compound the problem, let’s say there are two offers on a home.

Are you working with an agent?

Understand Agents Work on Commission

Most real estate agents are paid a commission. If an agent does not close a transaction, they do not get paid. Agents are highly motivated to do a good job for you. Agents are not public servants and do not work for free.