Is Your Real Estate Agent A Bully?

Real Estate AgentA good real estate agent should always have their client’s interests in mind, and be willing to do whatever possible to ensure that their buyer or seller gets the best deal possible. Unfortunately, the fact is that first and foremost, realty is a profession, which means that at the end of the day, your real estate agent wants to go home with money in their pocket. This can often be to the detriment of the buyer or seller, when real estate agents resort to high-pressure sale tactics, biased advice, and often old-fashioned bullying.

 

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Of course, this is not to say that all realtors are out to get you, but there are always going to be at least a few bad apples in the barrel, and here are some things to watch for to make sure that you can pick ‘em out!

1. The Rush

 The first sign of a real estate bully is a realtor who rushes his client—whether it is to make, or accept an offer. If you come across a home or property that you’re on the fence about, don’t feel pressured by lines like “You’re not going to find anything better than this!” or “You’d be stupid not to make an offer.” Similarly, if a buyer makes an offer that you’re not happy with, don’t feel obligated to accept it—especially if it’s in the early days of your listing. Yes, realtors often have good advice, but don’t forget that they can also benefit from making sales as soon as possible…at your expense.

 2. Client Poaching

 If you’ve ever visited an open house by yourself, you may have had a realtor ask you whether or not you have an agent. Often, realtors will use this question as a segue to offer themselves for hire. This way, they can get a double the profit from receiving commission from both the seller and the buyer. Some will even go so far as to say that they can’t sell to somebody who isn’t represented. Be aware that if anyone ever tries to tell you such a thing, you should ask him or her for their real estate license number and report them.

3. Double Dipping

 Similarly, some buying agents may try to show you a property without telling you that they are also representing the seller in order to receive a double cut. As a result, they may try to talk you into purchasing a home that you’re unhappy with by convincing you that it’s the best you’ll be able to afford. If you think this might be the case, a quick browse through your local real estate listing will confirm or counter your suspicions.

4. Team Bias

When buying a house, your offer should be the only thing that matters. Sadly, some listing agents will try to reject, or simply not show certain offers to their client, based on whom the potential buyer is represented by. This is often because agents will work together with their friends or home brokerage to share profits.  Be aware that it’s the law that a seller sees every offer, and that you can report any agent who is guilty of this.

At the end of the day, buying a house is hard enough as it is, and your real estate agent should be there to make it easier, not even more difficult! When it comes down to it, if you think you’re real estate agent is being a bully, the answer is quite simple: get a new one.


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