Choosing the right real estate professional is one of the most important things you can do in the home buying process, I hear, "Oh, my brother-in-law is an agent".

Yikes!

Some real estate agents are just in it for the money so you must be very selective but let me assure you, for 99.99% of them, this is truly false.

The truth is the average earnings for an agent run about $35,000 per year.

According to the Office of Labor Statistics:

"The median annual earnings of salaried real estate sales agents, including commissions, were $35,670 in May 2004. The middle 50 percent earned between $23,500 and $58,110 a year. The lowest 10 percent earned less than $17,600, and the highest 10 percent earned more than $92,770."

I am going to explain this in detail:

Not all of the homes in the South are expensive. Now times that by the amount that a real estate agent makes on a transactionor a typical 2.8% for the buyer’s agent. That’s $6720 per closed deal for the buyer’s agent. Now let’s divide $35,670 by when doing this you will not come across the amount of sales a real estate manager now makes on a regular basis.

$35,670 $6,720 = 5.3 average transactions in a real estate agents career.

Abuse! This small amount of sale transactions is not very professional. In my mind, the real estate agent does not take their job seriously, this real estate agent will probably never be successful.

As my career as a banker progressed,I was very good at getting financing done for borrowers. My sales driven personality make me move ahead…but I had the benefit of multiple transactions per month as my teacher. I continued to do the same bad things over and over again,learning something new from each deal. Now after 15 years and thousands of transactions,This knowledge has led me to now know what type of education an agent should have".

Are you really going to work with a property manager that is not very knowledgeable?

I do not think this is true at all.

You need to only chose a property manager that is not familiar with your relatives. Ignore referrals from friends and family altogether. You should not have to always pick the same personalities of an agent. Make sure you take charge. Make your own determinations.Make sure not to settle for the first real estate agent that comes along.

Remember, this is the largest single financial transaction of your life.Make it known and true. Make sure you select a very knowledgeable person!

In my mind I can see you, "Okay, Rob, is there a way to pick a knowledgeable agent?"

Good question and one I answer in my free report, "How To Pick A Real Estate Agent". I will say, as you’ve probably guessed, experience counts. You always want to look at how many homes a real estate agent has sold over time. The agent’s production is going to give you the best indication of how committed they are to the profession.Is the agent a part-timer who’s just dabbling in real estate sales- is this real estate professional very active in their career, cooperative, real estate expert who works their job to provide for their family?

I do not agree. Let me get back to the point of what you need to do to pick the right real estate agent.

Let me state once again. Are you aware of the particular guidelines to search for a good housing expert:

1. Don’t use a family member

2.Do not seek an agent who is an acquaintance of a relative

3. Search for a real estate agent that you are not familiar with

4. The real estate agent should not know anybody in your home

5. Make sure not to know the real estate agent

Please try and take something away from this article when searching for your home.If you don’t, you’ll pay the price.I know it sounds a little dogmatic, I have worked many years researching property finders in my many years of work.

Happy Hunting!