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3. How Will You Keep Me Notified? Inform the broker how you like to interact: text, phone, or e-mail. Keep in mind that texting is not suitable for any crucial, legal-related communication. Ask if they'll commit to a regular schedule of comprehensive written marketing and activity reports (every two weeks is a sensible expectation) and ensure that they can be easily reached when you have questions or need an upgrade.

4. What's Your Commission? The standard commission rate genuine estate brokers is 6%, generally split in between the sales representative (a. k.a. the listing representative) and the purchaser's agent. A portion of it first goes to the listing brokerage, so the representative personally gets a cut of between 60% and 90% of that commission.

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Ask to see the budget plan, and be clear about which sales-related expenses will come out of the broker's commission, and what you might need to spend for yourself (e. g., staging). 5. How Well Connected Are You? This doesn't imply that you desire to know the number of friends the broker has on Facebook.

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A seasoned broker will have solid connections to other genuine estate-related professionals: staging companies, genuine estate attorneys, photographers, and even moving companies that you can trust. 6. Do You Have Any Recommendations? Do not overlook this one. Be specific to get the names of recent clients.  This Author 's always useful for the broker to have a page or 2 of quotes from clients for that first conference, however don't rely exclusively on that.