How well educated about buying and selling homes is John Q Public? Should realtors improve mentoring

  • January 27 2012 - Louisville
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Answers (4)

No, it's not a better question, but thanks for trying.
  • January 28 2012
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Profile picture for Caveat Emptor
better question, how educated is the average realtor about personal finance, decision-based economics, RE law, contract law or long term investing/planning that makes them qualified to mentor anyone or perform any service more technical than bird dogging.
  • January 28 2012
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Poorly, and, yes.

Realtors® specifically, and licensees generally, should do a better job of educating the public about buying and selling.

I don't think we have to make an expert out of every client, but I do think that we might help buyers understand more about dwellings and the factors that affect value so that they can make better decisions on what the stage setting for their lives is going to be. 
  • January 27 2012
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Profile picture for the_country_hick
The average person buying knows more than they did several years ago. Perhaps that is one reason the NAR talking points do not have the desired effect.

Any realtor who is going to work with a serious buyer should sit down with them for at least 1/2 hour and explain all kinds of things about real estate. They should also explain the rent verses buy comparison and talk about an exit plan and what selling really costs.

When I first go into your office to buy a house assume I know nothing. Explain things until you know I know something hopefully a whole lot of things about buying and real estate in general.
  • January 27 2012
  • 2Yes

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