Since you are hiring someone to help you with an expensive and very personal purchase, it is important that you find someone you trust and with whom you feel comfortable. It is not unusual to spend eight hours in a day with your agent, so it is not silly to look for an agent who is not only competent, but one whose company you will enjoy. Here are some interview questions to help you compare possible agents.
What is your experience in the real estate business?
You should learn how many years of experience the agent has in Colorado. How long he/she has been with their currently company. How many properties he/she sells in a year, and the average price of the property they sell. What neighborhoods he/she works, and what type of property he/she works with most, i.e. condos, single family, multi-family.
What kind of clients does the agent have?
Knowing that the agent has experience working with others, who are like you, may be helpful in finding the right agent for you. You should ask what percent of their business are first time homebuyers, move-up buyers, or sellers. Ask questions that would tell if you are a typical client for this agent - the age, sex, marital status, etc. of most of his/her clients.
What kind of agency relationship do you offer?
Will the agent act as a transaction broker or a buyer's agent for you? What if they represent the Seller on a property that you are interested in, how will he/she deal with that conflict? Will he/she require you to sign an exclusive agreement (that you will not work with another agent during the term of the agreement). How is the agent paid, and does he/she charge any up front fees?
What kind of service will you get from this agent?
Are they working with too many other clients to give you the time and attention that you need? How will you communicate, and how easy is it for you to reach the agent? Will he/she be working with you, or will you be assigned to a broker associate or an assistant? What days and hours does the agent work?
Vicki Porter
