Most potential homebuyers and those looking to sell their homes think of real estate agents as industry experts whose profession is highly regulated. In reality, many states require little of aspiring agents beyond a licensing fee, minimal coursework concerning their position and passage of a test that takes only a few weeks to study for.
Partially as a result of how easy it is to become a real estate agent, approximately 1.6 million individuals are registered realtors in the U.S. This statistic translates to roughly 2.5 realtors for every house on the market. While a solid realtor can help you protect your interests as you look to buy or sell a home, a mediocre one could impact your interests negatively in potentially profound and lasting ways.
Why mediocre realtors are dangerous
Buying or selling a home is a truly significant financial transaction for most adults. Only the fabulously wealthy can buy or sell a home with little interest in the financial aspects of that transaction. As a result, the guidance that one receives while pursuing a purchase or sale could result in lifelong consequences for those who are involved. When a realtor is mediocre, their guidance could be mediocre at best and potentially disastrous at worst.
This is one of the many reasons why seeking a top-notch realtor is important. As is seeking legal guidance whenever necessary. Without proper support, those affected by the ins and outs of a real estate transaction may suffer significant ramifications from an inadequate or ill-advised approach to their real estate situation. When it comes to purchasing or selling significant property, it’s far better to be safe than sorry.