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Understanding the Role of a Realtor: What You Need to Know

Realtor Tampa is a real estate agent who is a member of the National Association of Realtors (NAR). When you see that someone is a Realtor, it means that they are held to a higher standard of ethics and competency than other agents.

Realtor

NAR members also have access to advanced education and training opportunities in their specialized fields.

A Realtor is a real estate agent who has committed to a higher level of professionalism and ethical behavior, backed by the National Association of Realtors (NAR). Realtors have real estate licenses just like any other real estate agents, but their job is much more than taking property listing photos, writing brochures, or showing properties. Realtors also must take continuing education courses and reread NAR’s Code of Ethics, which is the North Star that guides their professional conduct. In addition, Realtors must pay membership dues to their local association affiliated with NAR.

When a home seller lists their property with a Realtor, the agent will often spend time staging or improving the home to get it ready for the market. They will then work to sell the property at the highest possible price, while helping the sellers navigate the transaction process. A buyer’s agent, on the other hand, works with a home buyer through all steps of the buying process, from finding the right property to closing the deal.

Whether they’re selling a home or representing a buyer, a Realtor will use their network of clients and colleagues to advertise properties to prospective buyers. They will often place homes for sale in the local multiple listing service (MLS), which broadcasts listings to other agents, and popular online real estate sites like Zillow.

Realtors have intimate knowledge of the real estate market in your area, and they will help you understand it and make informed decisions about pricing and other factors that go into buying or selling a home. They can also provide you with resources to assist with your mortgage, inspections, and other aspects of the real estate transaction.

While you can buy or sell a property on your own, working with a Realtor can save you a lot of headaches and money in the long run. Real estate agents can help you negotiate the dozens of sticking points that can keep a transaction from closing, including issues about financing, repairs, disclosures, timelines, and more. Realtors also are required to carry insurance that covers them in case something goes wrong during a transaction.

They Help You Find a Mortgage

A real estate agent’s job goes beyond listing properties and scheduling home viewings. They can also help you find a mortgage that fits your budget and financial situation. In fact, many agents have professional relationships with reputable local lenders that they can refer their clients to. And they’re often able to secure special mortgage rates through these connections, too.

For buyers, a Realtor can be invaluable during a highly competitive housing market. Their knowledge of local neighborhoods and property values can help you find a place that’s right for your family. They can also point you in the direction of government-backed mortgage programs and down payment assistance grants that may help you buy a home with less out of pocket money.

Whether you’re selling your current home or buying your next, a Realtor can make the process easier and faster by managing the complex logistics. They can connect you with a home inspector, assist in the negotiating process and handle all the legal paperwork associated with a sale or purchase. And if you need temporary housing while your home is under construction or you’re moving from out of town, they can help find short-term rental options that work for your household needs.

It’s common for buyers to talk to a lender before talking to a Realtor about getting a mortgage. While there are pros and cons to this approach, a Realtor can help you understand the process so you can make the best decision for your circumstances. For example, they can tell you how much you can afford to pay per month and what your loan term should be.

The real estate industry is a business that can be highly competitive, so you’ll want to hire an experienced Realtor who has a track record of successful sales. Look for an agent who is a member of the National Association of Realtors and has a reputation for ethical and customer-oriented service. You’ll be working closely with your Realtor for weeks or months, so it’s important that you get along well and trust them.

They Help You Find a Home Inspector

Realtors help their clients navigate the stressful labyrinth of buying or selling a home. Home inspectors provide the crucial inspection information to help buyers make informed decisions about their potential purchase. While it may seem like they work in completely different lanes, their paths intersect frequently toward a common goal: a happy client.

As a home inspector, it is important to establish relationships with real estate agents in your community and build rapport with them. This helps you promote yourself through referrals, and it also gives you a leg up when it comes to reaching your target market—homebuyers.

Many inspectors rely on marketing tactics to reach real estate agents, such as freebies (like donuts or jars of candy) and bringing samples to local offices. However, the most effective way to connect with real estate agents is by providing them with excellent service and keeping them informed about your services.

Realtors will look for a home inspector who is a reliable and trustworthy professional. This means answering phone calls and emails quickly, communicating clearly and concisely, and showing up on time for appointments. Inspectors should also be willing to answer questions from their clients and real estate agents after the inspection, either in person or over the phone.

A good home inspector will explain the details of the report in a way that is easy to understand and be patient with any questions or concerns. They will also be honest with their clients about the condition of a home and will not be afraid to recommend another expert for further evaluation if necessary.

Homebuyers can use their inspector’s findings as leverage during the negotiating process with sellers. For example, if an inspector finds a major problem that can’t be easily or inexpensively resolved, the buyer can ask for a price reduction or to cancel the sale of the property.

Some home inspectors will not invite real estate agents to attend the inspection, especially during COVID. This is a personal decision that depends on the inspector and what they feel is best for their clients. If an inspector feels that a real estate agent poses a safety risk by following them up on a ladder or into a crawlspace, they may opt to exclude the realtor from the home inspection altogether.

They Help You Find a Contractor

If you are thinking of buying or selling a home, it’s important to find the right contractor. A good contractor can make or break your project, and choosing the wrong one can end up costing you money, time and headaches. Real estate agents typically have a list of contractors they trust, and they can introduce you to the best ones in your area. They can also help you find the right contractor for a particular job by asking you questions about your plans and providing you with tips, like how much experience they have working in your community and what type of work they usually do.

If a realtor has been in the business for a few years, you are more likely to get a reliable and experienced contractor. The longer they have been in the industry, the more clients they have served, and the more referrals they have. Real estate agents have a ton of responsibilities and long hours, but they do it because they enjoy helping people make their dreams a reality. A career in real estate is not for the faint of heart, but if you do it well, it can be extremely rewarding.

Realtors are held to a higher standard than real estate agents/brokers who are not members of the National Association of Realtors (NAR). Realtors must pass a state-mandated exam, pay an application fee and join a local real estate association in order to become a member. The NAR’s Code of Ethics is a set of guidelines that Realtors agree to follow when they are representing buyers and sellers in property transactions. The Code of Ethics is considered a gold standard in the real estate industry, and it helps build trust between Realtors and their clients.

If you’re looking to buy a home, ask your agent for recommendations for a reputable mortgage professional and home inspector. If you’re planning on selling your home, your agent can recommend a great contractor to get the job done and advise you on staging and marketing strategies that will maximize your home’s value.