Therefore it makes no never mind to them if they list with a partime agent or a full time agent.
Of course most part-time agents are willing to take a commission cut. The worst part is they, for the most part over price the listing. So be around when the listing expires and then the seller will be more receptive to what you have to say.
No excuses, but you must understand that the real estate industry has been just as affected (or perhaps more) as many other industries in today's economy. Many agents who were once "full-time" are now being foreced to take on part time jobs to make ends meet.
As a full time agent, I feel your frustration, as I am now finding that while I once told my buyers that I needed 24 hours notice to set up appointments, I now need at least 48 hours notice . . . . as I have to wait at times 24 hours for a call back just to set up an appointment.
As for your question about "very little experience" it is certainly valid. Most recently, an award winning friend leanred that a "friend" after promising her the listing, listed their property with an agent at a local agency whose credentials don't even compare. I am l for a LOCAL agent, but one must due their own due diligence in choosing the right agent and most often sellers are clueless as to what due diligence means.
Love and Peace,
Happens all the time.
As for the part time aspect as the homeowner I would just just make sure the agent will be accessable when needed and has the time to dedicate to marketing.
Please do not hesitate to reach out to me if I can be of service.
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Yes, very often I was asking this questions myself.
So, this is what I think:
1. agent is friend or relative
2. agent agrees to work for much fewer commissions
3. agent can "sell him/herself" very well
4. agent is a neighbor.
5. seller doesn't have knowledge about how real estate business
The other fact is, that in a well-run agency, the Broker of Record and/or manager in charge (not always one and the same,) understand that the agency relationship is actually not between the individual agent and the homeowner but between the agency and the homeowner. They therefore take pains to supervise and assist the part timer. Result: an acceptable deal.
My beef, if there is one worth mentioning, is that the real estate field has become, just like everything else, more complicated, and the entry requirement is so minimal that having graduated from high school and being able to read and write are about all you need. Couple that with the fact that the agency really gets these people for free, (independent contractors who SHARE in any commission that they earn as their only compensation) makes it easy for agencies to keep replenishing the ranks. The ranks need this replenishing because most newbies drop out within three years. Only a few of the ranks make the kind of money to work at it full time.
Situation ripe for change? Well, I don't see any signs of it and it has been this way for about 80 years.
That help you any?
If the buyer and seller are aware they are part time and agree to be represented by the part time agent it is thier decision. I recommend the part time agent pari up with a full time agent that can handle issues as they arise. But we do not live in a perfect world. Even full time agents do not communicate on a timely basis.
I too was part time when I started 22 years ago, until I had enough listing and sales under my belt, so on the other hand I get it. That is the luxury of this business.
On the other hand if they are new or fairly new say less than two years and they never put any full time effort into it that might make a difference. In my eyes it is not whether they are full or part time, the important thing is how much experience they have overall and also the agency they work for as to whether your property is represented with the highest exposure available like we do here at Century 21 Action Plus Realty.