Overwhelmingly, real estate agents honorably perform their professional duties. However, sellers like you are just one of many when an agent focuses on the almighty dollar instead of fulfilling their fiduciary duty to you. Read on to discover five of the signs of a bad real estate agent.
A fiduciary relationship in real estate includes a buyer or seller, referred to as the principal, in a signed contract with an agent. A licensed professional real estate agent has both a legal and moral obligation to hold your best interest at the forefront of all actions. An agent has intimate knowledge of your financial and personal information. The temptation to leverage data for their betterment in a transaction exists, such as revealing your details to the buyer, providing them with power at the negotiating table to get the sale. Sadly, some agents have a focus that is purely about money, and while we all work to earn a living, a real estate agent is breaking the law should they fail to act ethically, which is most definitely a sign of a bad real estate agent.
Communication is essential to success, especially in real estate sales. Are your calls or questions going unanswered? If so, you can be confident that managing phone calls will be optional with every client and professional the agent encounters. It is not a great leap of the imagination to assume that interested buyers are probably getting no reply to inquiries. This lack of responsiveness is a glaring warning sign of a bad real estate agent, and you would be better off without their assistance. At My Y Holdings LLC , we keep in touch and are here for you all the way! At My Y Holdings LLC , we always welcome all of your questions and calls because they help us best guide you.
While showings can be a real pain, the deafening silence as you wait day by day for the right buyer can be excruciating, especially as days turn into months. Are there excuses for why your listing isn’t getting any action, even when your agent has charged you exorbitant marketing fees for photographers and staging as a part of your contract? It is much more likely you are dealing with disorganization or complete apathy about essential business matters. Showing up late to meetings, failing to follow through on marketing your listing, or missing important deadlines can be extremely costly and is an enormous sign of a bad real estate agent.
Methods and Means
Your real estate agent shouldn’t leave you to feel as if you are handling your real estate deal all alone when you agreed to a real estate agent to represent you. It takes dedication, time, and expertise, and an expense account for a pro to coordinate everything it takes to sell what is most likely your most valuable asset, your home. Either the agent is irresponsible or lacks the training and most up-to-date technical applications or the financial means to do their job correctly; this is another sign of a bad real estate agent.
SOME agents are driven by greed and just after the commission. They do not care about the client or if your needs are met and may present themselves as having specialized in the market of higher-end properties. They may even have properties of other agents showing in their ads to mislead sellers and get a listing. These real estate agents will likely also embellish the number of years they have been agents leading you to believe they have years more experience than, in reality, is one sign of a bad real estate agent. They may also say that they have handled plenty of listings. It is easy to check how many listings they currently have and what sites they are on and verify their background, just as you would when hiring any professional.
Why not avoid learning these and other signs of a bad real estate agent for yourself?
My Y Holdings LLC does not charge commissions. It is our driving passion at My Y Holdings LLC to find real solutions for your problems. We always put you first! Our goal is to help you meet your immediate financial needs while helping you earn the highest profits from the sale. Whether the best sales method for you is a traditional listing or direct sale to My Y Holdings LLC , based on your circumstances. We will lay everything out from each method to help you make the best decision. And what we offer is what you receive because we don’t have any hidden fees to surprise you with at closings, either. At My Y Holdings LLC , we pay cash and will close when it’s convenient for you. You can rely on the experienced licensed professional buyers at My Y Holdings LLC . Send us a message or call My Y Holdings LLC at (732) 996-9850 today to learn more.