In a commission-based job, where your pay depends on how much you sell or buy, the money you make can vary wildly. That’s why many people seek out jobs that have relatively stable incomes, such as law enforcement or teaching. But when you’re dealing with real estate, the stakes are even higher. Real estate agent Winnipeg is essentially responsible for your financial future, so finding the right one requires careful research and selection.
Real estate agents typically work for brokerages, though they may also operate independently. To become licensed, agents must complete state-required training and pass an exam. Check your local real estate commission’s website to find out more.
A real estate agent’s most important role is helping you sell or buy a house at the best possible price and terms. They can guide you through the process of a home inspection or appraisal, and they know how to market properties to get the most visibility online. They’re also familiar with local market trends and comparable homes data, so they can help you set a fair asking price.
They’ll be able to help you get the most out of your mortgage, too. They’ll know what lenders are looking for and can help you determine the best loan to fit your needs, from a 15-year to a 30-year fixed-rate mortgage. They’ll also help you navigate the complex paperwork involved in buying and selling a property.
In addition to helping you find and buy a house, real estate agents can also provide valuable information on local neighborhoods, schools, crime rates and traffic patterns. They can also point you in the direction of community resources, such as parks and libraries. And if you’re thinking of renting out part of your home, they can help you find tenants and negotiate rental agreements.
The standard real estate commission is about 6% of the purchase price. That amount gets split between the seller’s and buyer’s agents. Real estate agent winnipeg code of ethics, which means they’re required to represent both parties fairly.
When you’re ready to start your search for a real estate agent, ask friends and family for referrals. Then, visit the agent’s websites and online profiles to read about their experience and qualifications. Check out customer reviews, too. Then select at least three agents to interview. When choosing an agent, look for someone who understands your goals and has a working style that clicks with yours. In the end, good communication skills matter almost as much as real estate expertise.