Before engaging the services of a Buyers Agent you should ask a few questions. Some typical questions are:
– Is the Buyers Agent a fully licensed real estate agent?
– How many years experience have they had as a Buyer’s Agent?
– Have they previously been a real estate agent, and for how long?
– Are they are member of a Buyer’s Agent association?
– Do they spend all their time representing Buyers?
– Do they ever list properties for sale?
– Do they represent that they receive no financial benefits from any seller or real estate agent at any time?
– What areas do they specialise in?
– What price range do they predominantly work in?
– Do they insert a blanket clause stating that they will receive a commission on any home purchase? If so for what areas and how long?
– Do they accept commissions/fees from any vendors, developers or service providers? If so, how does the arrangement work?
– Do they charge a percentage based commission? If so are they willing to come to terms on a fixed fee?
– Do they carry Professional Indemnity Insurance? If so, for how much?
– Do they have an office and how many employees are employed?
– Can they provide you references from prior clients?
– Are they already representing clients with the same brief as you i.e. same property type, region? How do they plan to manage this situation if so?