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Monday, September 30, 2013

Tips on Assessing a Real Estate Agent's Competence

Hiring a real estate agent must not be done haphazardly since you also want to get your hard-earned money's worth. Here are a few tips that you can follow to assess an agent's competence:

Talk with an agent's recent clients. You can do this by asking the agent to provide you with a list of what they've sold in the previous year, along with the contact information of the buyers.

Look up the licensing board and see if the agent is indeed licensed or if he or she has received any disciplinary actions or complaints. In the United States, there are states that put information into online databases so that clients can do research on the background of an agent. You may also check if an agent you're looking to hire has won any awards given by recognized organizations or industry authorities.


Take note that real estate agents also have specializations. The alphabet soup that comes after their names tells which additional classes they have taken to support their specialization. For example, an agent with CRS (Certified Residential Specialist) appended to his name has completed additional training in handling residential real estate. One named as an ABR (Accredited Buyer's Representative) has completed additional education in representing buyers in a transaction. In turn, those with SRES (Seniors Real Estate Specialist) have completed training aimed at helping buyers and sellers in the 50-plus age range.

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