course hero the most common service provided by a real estate agent when selling your home is:

How can a real estate agent help you sell your home?

Jan 19, 2016 · 302) The most common service provided by a real estate agent when selling your home is: A. providing legal advice. B. qualifying buyers for a mortgage. C. screening potential buyers. D. making needed repairs. C. screening potential buyers . Bloom's: Knowledge Difficulty: Hard Learning Objective: 9-5 70. (p.

Can a real estate agent represent the buyer and seller?

Jul 02, 2014 · User: The most common service provided by a real estate agent when selling your home is Weegy: The most common service provided by a real estate agent when selling your home is screening potential buyers. Expert answered|matahari|Points 5152| User: The amount of the down payment will affect the amount of the monthly mortgage needed to purchase a home

Why should I hire a real estate agent?

Dec 23, 2020 · Below a list of common sales objections that confront real estate professionals when prospecting or at the listing presentation. Some of these you may encounter whether your prospecting is buying or selling, like a prospect who has a licensed family member. Each has several real estate trainers’ perspectives and scripts on how to handle them.

How do Realtors market themselves as a “top selling agent?

4. an independent contractor agreement. 1. a management agreement. A contract has been drawn which obliges the sellers to convey title to their land to the buyers if the buyers come up with $22,000 on or before December 31st. This is called. 1. a buy-sell agreement. 2. an option contract. 3. an installment contract.

How to handle objections?

Tips on Handingle Objections 1 Be honest. These are hopefully your future clients. You are at the beginning of a relationship, not selling toasters. You need to be mindful that you are building trust. Be honest about yourself, the market, and what they can expect from the process. 2 Listen. Don’t just rattle off your scripts. Show that you are actively listening by engaging them with their objection and demonstrate that you understand their perceived problem, perhaps by repeating their concern back to them. Ask open-ended follow-up questions. 3 Empathize. Address their concerns; don’t delegitimize them. For example, if you are a new agent who just got their license, that is a very valid concern for a home seller! Don’t pretend that it isn’t. Instead, demonstrate how you are going to overcome their objection instead of denying the validity of the objection. 4 Tell stories. If you have past clients you have helped in similar situations, telling their story and how you helped them can help. The human mind is designed to think in narratives. Tell a good story, just as you learned about in high school. Introduce characters, then the conflict, rising action, and the heroic climax where their conflict is defeated, leading to the exposition of happiness and triumph!

How to build trust in a relationship?

Be honest. These are hopefully your future clients. You are at the beginning of a relationship, not selling toasters. You need to be mindful that you are building trust. Be honest about yourself, the market, and what they can expect from the process.

What is a salesperson?

A salesperson lists a property with a contract that allows for subagency and dual agency. The salesperson is. 1. an independent contractor to the broker and an agent to the principal. 2. an agent to the broker and a subagent to the principal. 3. a subagent to the broker and an agent to the principal.

How long is a warranty?

2. the expected life of the product or system covered. 3. as disclosed in the contract that offers the warranty. 4. a minimum of 5 years or the duration of the purchaser's ownership, whichever is shorter. 3. as disclosed in the contract that offers the warranty.

What is the Equal Credit Opportunity Act?

3. as disclosed in the contract that offers the warranty. Even if a loan applicant's current income seems adequate to qualify for a certain loan, the Equal Credit Opportunity Act allows a lender to refuse the loan as a high risk if the applicant's main source of income is. 1. alimony. 2. commission sales.

What is an independent contractor agreement?

1. a management agreement. A contract has been drawn which obliges the sellers to convey title to their land to the buyers if the buyers come up with $22,000 on or before December 31st. This is called. 1. a buy-sell agreement. 2. an option contract. 3. an installment contract.

Is a broker an independent contractor?

A broker hires a salesperson as an independent contractor. In order for the salesperson to be considered an independent contractor for federal income tax purposes, the broker's written contract with the salesperson MUST specify. 1. no conditions except for the number of hours the salesperson will work per week.

Why do you need an agent for a home?

An agent can also help tone down the emotion of the process by interacting with potential buyers and eliminating tire kickers who only want to look at your property but have no intention of making an offer.

Why does it take so long to sell a house?

Because fewer buyers are likely to be looking, it may take longer to sell your home, and you may not get as much money. However, you can take some consolation in knowing that while there may not be as many active buyers, there also won’t be as many competing sellers, which can sometimes work to your advantage.

Is it easy to get emotional when selling your house?

It’s easy to get emotional about selling your home, especially your first one. You spent a great deal of time and effort to find the right one, saved up for your down payment and furniture, and created many memories. People generally have trouble keeping their emotions in check when it comes time to say goodbye.

What happens if you don't stage your house?

Sellers who do not clean and stage their homes throw money down the drain. Don’t worry if you can’t afford to hire a professional. There are many things you can do on your own. Failing to do these things can reduce your sales price and may also prevent you from getting a sale at all. If you haven’t attended to minor issues, such as a broken doorknob or dripping faucet, a potential buyer may wonder whether the house has larger, costlier issues that haven’t been addressed either.

Who is Amy Fontinelle?

Amy Fontinelle has more than 15 years of experience covering personal finance—insurance, home ownership, retirement planning, financial aid, budgeting, and credit cards—as well corporate finance and accounting, economics, and investing. In addition to Investopedia, she has written for Forbes Advisor, The Motley Fool, Credible, ...

Do overpriced homes sell?

Absent a housing bubble, overpriced homes generally don’t sell.

Do smart buyers negotiate?

Any smart buyer will negotiate, and if you want to complete the sale, you may have to play ball. Most people want to list their homes at a price that will attract buyers while still leaving some breathing room for negotiations—the opposite of the underpricing strategy described above. This may work, allowing the buyer to feel like they are getting good value while allowing you to get the amount of money you need from the sale.

What does it mean when a real estate agent represents the buyer?

If your real estate agent also represents the buyer, this means they make twice as much. Unfortunately, many real estate agents are willing to risk their integrity to make this happen. In many cases, the end result means a lower selling price by tens of thousands of dollars.

What does lower price mean?

Lower price, which means lower monthly payments and lower property taxes. The opportunity for the buyer to add their “own artistic touch”. A good agent will do their homework before meeting with you and should be able to tell you the features they would use as selling points.

Can a realtor negotiate for you?

When they also represent the buyer, they cannot negotiate for you. You can see this in the agreement you’ll sign with them.

Q: How much is my house worth?

While the median house price in 2016 is $228,000, the exact price of your own home will depend on its size, neighborhood, and lots of other factors.

Q: How long will it take to sell my home?

Right now, nationally, houses spend around 100 days on the market before they sell, although the time varies wildly based on area and price. So, price competitively and make sure that you and your Realtor are getting the place in front of as many eyeballs as possible.

Q: Is staging really important?

On average, a staged home sells 88% faster —and for 20% more money—than a home that’s left as is. The reason it works, of course, is it gives buyers a “stage” onto which they can play out their home-owning fantasies and envision themselves living in your home. “Choose neutral paint colors and remove any family photos,” says Johnson.

What are the pros and cons of using a real estate agent?

First and foremost, an agent can guide you in your home sale. They can list the home, coordinate photography and showings, market the property, and walk you through to closing.

How long does a house last on the market?

In general, though, data from the National Association of Realtors shows that the average home is on the market for 62 days. It varies greatly by state, of course.

What can a home inspector do?

For a few hundred dollars, a home inspector can evaluate your home for potential issues and problems. You can then use their report to guide your pre-listing repair projects. Doing this can help make your home more marketable, plus it can prevent time-consuming inspection delays later on.

When is the best time to buy a house?

In general, spring and summer are the hottest homebuying seasons of the year, while sales slow down as we get into fall and winter. If you want to maximize the money you make on your house, a study from ATTOM Data shows that selling in June, May, or July are your best bets.

How do I know how much my house is worth?

There are two main factors that determine how much your home is worth: its condition and the level of demand for homes like it. To gauge what your home might command on the open market, your best bet is to look at comparable sales. Make sure they’re of similar size and condition to yours.

Should I make repairs before selling my house?

For this reason, you may want to consider making some repairs before putting your home on the market. Smaller, cosmetic repairs can be a good idea to make your home more marketable (and more valuable ).

Do you need a seller's inspection before listing your house?

As previously mentioned, you can certainly get a seller’s inspection before listing your house. Though not all sellers do this, it can help you better prep your property to sell.