There are all sorts of things real estate agents need to know to do their jobs competently, and surely not all agents are the same. There are agents who have been in the business for a couple of decades who are highly specialized and may not know how to handle certain transactions or help the seller get the best deal if they are normally what is known as a buyer’s agent.
If you’re a commercial property owner, don’t be surprised if an agent who specializes in selling new homes or condos stops by while you learn what to do. Yes, everyone has to learn at some point, but remember who you will be agenting for and you will gain experience. Now there is basic knowledge that all agents should know, as well as continuing education to both maintain their license and get licensed to sell property in the first place, but don’t be fooled, competition and experience in the business will not. make. come from a government-sponsored testing program.
Although the real estate license tests are difficult, almost anyone who puts serious time and effort into studying and understanding the questions and the expected answer can pass, and if not on their first try, they can try again. You need to remember that the kinds of things the government is most concerned about are its own paperwork and protecting consumers, both home buyers and sellers, from fraud. They also want agents to monitor money laundering and other things. There’s a big section dealing with ethics and taxes, and that’s a clue to where the government is coming from.
That’s understandable, however, keep in mind that you’ve hired a listing agent to find the best property that fits your parameters at the lowest price, or you’ve listed your home with a listing agent who will advise you on how to get the most for your property, well that’s a whole different skill set than answering multiple choice government sponsored test questions you see.
Look, here’s the deal, there are some great real estate professionals, those who have decades of experience and see challenges or problems from a mile away, and have everything under control, and then there’s the other 80%, get it. a top agent, find the best REALTOR and you’ll be well on your way to maximizing your real estate deals for him. Please consider all this and think about it.
