We just wanted to bring some awareness of Real Estate Buyer and Seller Beware. I just came across this article from the Federal Trade Commission where they have fined a Well Known Real Estate Company due to Misrepresentation to Homeowners.
I have been in this business since 2003 and I have seen a lot of Realtors come and go, and a lot of Real Estate Companies come and go. There is a lot of misconception when it comes to Realtors, Real Estate, and Real Estate Companies in General. Some people think it's a "Get Rich Quick" Business, or Realtors are like "Used Car Salesman." That is the furthest from the trust you can get.
The truth be known, Realtors are very well educated. They have to not only have continuing education every 2 years, pass a licensing exam, background check, and also know the Real Estate Market and areas they are working.
Read the article below:
Open Door Misrepresentation to Homeowners from the FTC
The takeaway for Buyers and Sellers of Real Estate should be:
Find out about your Realtor
Go to the TREC Website and look up their name. This will show you their classes & education along with how long they have been in the business.
See what you can find out about the Realtor personally. When you are on a job interview, you normally ask the company questions, or they ask you questions. This person will be in charge of Selling or Helping You Purchase one of your Most Valuable Assets. Get to know them and see if they are a good fit for you. Ask for references, or look up testimonials.
How Long Have They Been in Business
Don't Be a Guinea Pig with a New Company Who Claims they Will Save You Money, But Have No Track History!