well known franchise vers small business real estate agent

Profile picture for seriosphillipe
I want to get an agent to assist me in purchasing a home. I don't know if a well known real estate co. for example REMAX compared to a smaller real estate agent is more beneficial so my question is which would be the better choice, and why?Secondly what is a buy side agent?
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April 18 2011 - Belleview
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Profile picture for ConnieK_Oklahoma
I agree with the other, the agent is far more important than the company behind them.  I currently work for a big brokerage but before that was with a small company...there's no impact to my clients when the small company was bought by the big brokerage- signs went from pink and yellow to blue and white and I received some new rules and resources- none of which make a diffference on how well I serve that client, just in how easy it is for me to do it.

a buying side agent is an agent that you get for you, they help you with any properties that you wish to look at, so you ahve one person to call, one person to get to know and invest your time in.  You don't need to be calling listing agents for all the houses you want to see, they will do that for you.  Their fee is factored into the sale price of the home- it's already factored in even if they weren't working for you- they are paid by the listing agent.  So it doesn't cost you any extra.  the commission just gets shared betweewn your buying agent and the seller's listing agent at whatever the offered split was.

Choose someone that will assist you but not direct, someone that will listen and respond and shows to be sincere. If they don't know the answer to everything that's OK as long as they are willing to get the answer.
Good luck.
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April 18 2011
Profile picture for Gus Pishue
Serios,
I think it is important for you to get an agent you feel will be on your side and be beneficial to your goals.  I would suggest talking to family and friends for referrals of agents they trust.  I think this will get you better results than the business name on the business card of an agent. Hope this helps.
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April 18 2011
Profile picture for Steve Roake
The company that an agent works for is far less important than the qualifications of the agent.  Interview a few agents from small and large companies and decide which agent you think is the best fit for your personality and goals. 

A buyer's agent is an agent that works on behalf of the buyer. 
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April 18 2011
Profile picture for John_King

That's a GREAT QUESTION! 

Fortunately, I have the perspective of having been on both situations as an agent.  I have also had the opportunity to look at franchising with a larger company or staying independent as a Broker-Owner.

With a larger company, the new agents will benefit due to the larger company having training resources to get them up and going.  As an experienced agent, they can afford (the office) to belong to referral networks to receive relocation clients. 

From your point of view, I would interview a few agents regardless of their affiliation based on reputation, and referrals from friends and family.  How were they treated, would they recommend thier agent, etc.  If you don't have that network to rely on, you can search for a local agent on zillow, and even read some consumer feedback right on their profile pages.

Remember, you are HIRING them, they are not doing you a favor.  So treat the first meetings as an interview, and make sure you are a good fit.  Hopefully, you'll make a friend along the way.

Check out my reviews!  I honestly did not make them up or even coax them out of my clients.  You are looking for someone you can relate to, that communicates the way you do, etc.

If you text, they should...if you prefer email, they should not be afraid of a computer, you get the idea.

Good luck, if you need more help with what to ask, just let us know!

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April 18 2011
Profile picture for Paul Weisz
Most Realtors who are familiar with the community you are interested in should be able to assist you in similar fashion as long as they are licensed and have access to the Multiple Listing Service (MLS) in your area.  I work through a larger regional (We are not the biggest national name in our area, but do lead in listings/sales) office so I may be biased in this direction however there is one advantage that I see.  As a larger office we tend to share with one another in meetings listings that are not yet on the market in order to help one another with buyers who haven't found what they like that's out there currently.  The inner-office networking is a tremendous advantage as I see it. 

It also to advantage to use an agent who will represent your interests in a transaction as opposed to approaching an agent whose listing you are interested in.  Though some listing agents will offer to write your offer for one of their listings, they have a fiduciary duty to their sellers as well and therefore are unable to solely represent you.  Most agents list and sell, but for your search find one with whom you have good rapport and you feel will truly understand your needs.
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April 18 2011
 

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