What Are the Roles for a Real Estate Agent?

Today I wanted to break down the three roles that a real estate agent can take.

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Not all real estate agents do the same thing. There are actually three different roles that a real estate agent can take on.

One of the roles that an agent might have is a listing agent. Listing agents represent the seller. It’s important for the agent to figure out what price they’re going to set the home for, do all the marketing to get the home sold, and coordinate any showings. The listing agent should also be able to help coordinate any inspections needed on the property.

Another role that an agent may have is a buyer's agent. Buyer's agents first meet with the buyer to ensure they are qualified with a lender—they do this so they're aware of how much their client can afford. They will then start showing the buyer properties that fit their needs and lifestyle. If a buyer likes the property, then the buyer’s agent will help them put together an offer and start negotiations for the home.

It’s important for a dual agent to stay as neutral as possible.

Lastly, an agent may be a dual agent. This means that they will be representing both a buyer and a seller. It’s important for a dual agent to remain as neutral as possible and not disclose information that might jeopardize either the buyer or seller. However, in certain situations, it may be better to have two agents working on a deal, instead of using a dual agent.

If you have any other questions about this topic or you’re looking to buy or sell a home, please give me a call. I would be happy to help!

Are We Heading for Another Meltdown?

A market correction is coming, but when? How bad will it be? We have the answers for you.

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Could we be on the verge of another housing market meltdown?

Absolutely. I’ve been in real estate for 30 years and the market corrects itself every seven or eight years without fail. The last correction was in 2009. We’re due for another.

Basic economics says supply and demand is a big indicator of where the market’s going. If our supply is consistently exceeding our demand, that will absolutely cause a correction.

We’re due for a correction soon.

Another key indicator with each is interest rates. When they go up, prices go down. The same is true for what builders are doing. When they are offering incentives for brokers to come in and sell their inventory, we know that demand isn’t quite as high.

Finally, the unemployment rate. At the time of the last correction, it was around 9.5%. Right now, it’s down to 4.6% nationwide, which means there are more people out there who can afford homes.

If you have any other questions for me about the market or if you’re thinking about buying or selling in sunny San Diego, give me a call or send me an email today. I would be glad to help.

How we Stayed Committed to Supporting Our Client

“He went above and beyond in 2000. In 2000, one of his first home sales mine. I was one of his first clients and he actually sacrificed, maybe I shouldn’t say this, because he actually sacrificed some of his commission to ensure that I was happy. I had a termite infested pergola, like a backyard patio, and we didn’t catch it during the sale and inspection. And so I complained about it and he actually, to keep me happy as a client, he actually refunded me part of his commission. And at the time it was $500, I thought that was a lot of money at the time and I was one of his first clients. After that incident, I felt bad I took money out of him as one of his first clients, but he kept the customer happy and I alway refer people to him, I said there’s no other realtors I would go to beyond him. I tell them that he’s honest, fair, he’s smart and he has the experience in a difficult challenging industry and they’re getting one of the best when they hire him on.”