Finding The Right Licensee
Monday, November 29, 2021

Finding The Right Licensee 


Since the commission for the sale of a house is almost always paid for by the seller, buyers are able to get assistance and information from Real Estate Licensees, usually at no cost to them. It is for this reason that the vast majority of home buyers employ the services of a Licensee for their purchase. In addition, since most houses are listed by Real Estate Agencies, it gives them the maximum number of available properties to consider.

The relationship between a home buyer and a their Licensee  is a little like a marriage: it must be based on trust, mutual goals (to get you the house that best suits your needs!) and understanding. To a large degree, the home buyer entrusts the Licensee to always keep their (the buyer's) interest first and foremost. It is important that you understand who the Licensee with whom you are working represents. Take a moment to review our Agency and Buyer Licensee pages for a discussion of how Seller's Representation and Buyer's Representation  will affect your dealings with an Licensee.

What to look for in a Licensee 
An understanding of your needs.

A willingness to work with you until your needs are fulfilled.

A sense of professionalism.

Someone who is dedicated to their profession.
A familiarity with the area in which you have an interest.

A familiarity with the price range in which you have an interest.


Strong references from previous buyers.

Questions to ask a prospective Licensee

How long have you been in Real Estate?

Are you a full time agent?

Are you familiar with the area in which we want to look?

How many home sales did you participate in last year?

What is the average sold price of the homes you sold last year?
Do you normally work with sellers or buyers?

How many buyers are you presently working with? How many sellers?

Where do you feel your strengths lie?

Have you had children in the area schools?
 
How long have you lived in the area?
Where to find an Licensee 


Ask friends, relatives and co-workers about experiences--both good and bad--that they have had with specific Licensees. Was the Licensee easy to work with? Did they feel the Licensee was responsive to and met their needs? Would they use this Licensee again?
 
Be aware: If you search for homes first and contact the Licensee who has a particular property listed, that Licensee will absolutely represent the seller--not you.