What is a Realtor?
In short, a Realtor represents someone else. This "someone else" in most business dealings is called the PRINCIPAL. In real estate a Realtor becomes a substitute for the principal; that is, he or she acts, speaks and listens for the principal. Once this interaction takes place an AGENCY RELATIONSHIP is formed. In British Columbia any person that is employed to help sell a specific property must be licensed as either a real estate salesperson or a real estate agent.What are some Different Ways to Choose a Realtor?
The different ways of choosing a Realtor are similar to those of choosing any other professional person (e.g., doctor, lawyer, accountant or dentist). These include:
Remember that your home is a major investment; therefore, as it is important to look for characteristics of "excellence" in other professions, it is important to look for those qualities in a Realtor.
Suggested Questions to ask Potential Realtors
Facts suggest that the difficulties of trying to sell your own home generally out-weighs the benefits. Here is what an agent can do that the private seller can not, or finds extremely difficult to do:
Typically, Realtors work on a commission basis; that is, upon the sale of your property they will receive either a percentage of the total sale price or a fixed dollar amount. This "rate" or "fee" is negotiable - it is not fixed by law nor by any Real Estate Board - between you and your chosen agent.How and Where do Realtors find Buyers?
Realtors are constantly in contact with the largest number of potential buyers possible to generate a steady flow of prospects specifically interested in your property. Typically, 60% of all buyers come through these referrals and ongoing marketing, about 20% come from "for sale" yard signs and general company reputation, and less than 20% come from promotions and advertising. These percentages very by area and company. It is not uncommon for less than 12% of sales to come from classified advertising.
By far the largest number of buyers come from referrals sent by satisfied past customers, corporate contacts, friends, acquaintances, relocation networks, the Multiple Listing Service, and cooperating sellers or buyers agents. Regular sales meetings and listing tours within the agents office also promotes your property throughout that agents company. Agents continually work to maintain a "pool" of buyers through an extensive network of contacts and sources. This frequently results in agents having buyers on hand, just waiting for the right house to come on the market.Our Relocation and Referral Network
REMAX Realtors want their clients to be well taken care of when they move. The best way to be sure of this, is to refer then to a REMAX Realtor in their destination city. These incoming referrals make up an important part or our business. They supply us with a continuous stream of purchasers. In order to keep the flow coming, we send out thousands of referral cards to other Realtors letting them know how effective we are at relocating clients. In addition, we offer the referring Realtor 25% of our commission as an incentive to recommend us to their clients.
When we receive a referral call, we immediately call the referred person to introduce ourselves, then follow up with a comprehensive relocation package on Kelowna, sent via courier. Included within the package is any additional or specific information that they require on Kelowna real estate. We feel that this attention really takes the confusion and uneasiness out of moving from city to city. Therefore, if you are selling in order to move to another city, let us refer you a REMAX Realtor at your destination. He or she will treat you with the same professionalism that we pride ourselves on!
Kent Jorgenson personal real estate corporation
Re/Max Kelowna 100-1553 Harvey Ave
Kelowna BC V1Y6G3