Home Buying in Joplin>Question Details

Danny &…, Real Estate Pro in Joplin, MO

Why is it important to use a licensed real estate agent?

Asked by Danny & Linda Frazier, Joplin, MO Fri Dec 6, 2013

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6
Because without a license, you're not allowed to act as a real estate agent?
1 vote Thank Flag Link Fri Dec 6, 2013
Like Mack stated, it is illegal to be paid for real estate services without a license.
Is that important?
Many investor types buy and flip home and sell the house FSBO. There is no requirement to disclose. There is not requirement to reveal previous findings. No requirement or expectation other than, "Buyer beware."
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A home being sold with the assistance of a licensed professional, through a real estate professional looking after the best interests of the buyer establishes a expectation of professional conduct required to maintain licensing. Knowing the 'rules' one can win the game. With out a professional involved, there are no rules. The Plan B is solely reliant on hiring an attorney. That'll save you money!
0 votes Thank Flag Link Sat Dec 7, 2013
Because being used is what we're good at.
0 votes Thank Flag Link Sat Dec 7, 2013
Other than the information in the excellent answers below you need your own representation. If you are thinking that you can get a better deal by working with the listing agent think again. The listing agent is representing the seller not you. Also it costs you nothing to use your own agent and can even end up saving you money.
0 votes Thank Flag Link Fri Dec 6, 2013
A professional Real Estate Agent brings a wealth of knowledge and experience to the business of buying and selling your home.
A real estate agent will help you through the process of negotiating the best deal when buying or selling your home. An agent is an excellent source of information about schools, churches, and local neighborhoods since we know the housing market inside and out. An agent also knows the best lenders in the area that can help you get pre-qualified for a mortgage and discuss down payment, closing costs and monthly payment options.
There is an incredible amount of paperwork, inspections, deadlines, lender co-ordinations and title company requirements that most people do not realize is involved in the closing process of their home whether they are purchasing or selling.
A professional Realtor is your best resource when buying or selling a home.
0 votes Thank Flag Link Fri Dec 6, 2013
The Code of Ethics of the National Association of Realtors is the promise to the public that when dealing with a real estate agent that is a Realtor, they can expect honest and ethical treatments in all transaction-related matters. This code is based on professionalism and protection of the public. Only Realtors pledge to abide by the Association's Code of Ethics and only Realtors are held accountable for their ethical behavior.
0 votes Thank Flag Link Fri Dec 6, 2013
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