You might be surprised to learn that real estate agents are not required to have a college degree but instead must complete certain coursework and pass a state exam. In addition, contrary to popular belief, real estate agents do not make a commission on every home they sell – they only get paid if the deal goes through.
Read on to dispel some of the most common myths about real estate agents
- Fixed commission
- I stuck with the same agent from start to end
- Buyers can use selling agents
- All agents are the same
Fixed Commission
There’s a common misconception that real estate agents always charge a fixed commission. In reality, how much an agent charge depends on the market and its services. Some agents may charge a lower commission in markets where houses sell quickly, while others may charge a higher commission for their expertise and services.
I stuck with the same agent from start to end
It’s a common misconception that you have to work with the same real estate agent from start to finish when buying or selling a home. In reality, you can switch agents at any point in the process! If you’re not happy with the service you’re receiving, or if you feel like you’re not being heard, it’s perfectly within your rights to find a new agent who better suits your needs.
Buyers can use selling agents
One of the most common myths about real estate agents is that buyers can only use selling agents. This is not true! Any licensed real estate agent can help a buyer purchase a home. The agent representing the seller may have more information about the property, but they are not the only ones who can help you buy a home.
All agents are the same
One of the biggest myths about real estate agents is that they are all the same. This couldn’t be further from the truth! Real estate agents come in all shapes and sizes, with a wide range of specialties and areas of expertise. When you’re looking for an agent to help you buy or sell a home, it’s important to find one that’s a good fit for your specific needs.
Another myth about real estate agents is that they’re only in it for the commission. While it’s true that agents do earn a commission on the sale of a home, most are also motivated by the satisfaction of helping their clients achieve their homeownership goals. A good agent will work hard to get you the best possible price for your home, whether they’re representing you as a buyer or a seller.
If you’re thinking about buying or selling a home, don’t let these myths about real estate agents stop you from finding the perfect partner for your transaction. With so many different types of agents out there, there’s sure to be one that’s just right for you.
