REALTORSÂ® are generally the second point of contact for individuals wanting to know more about the processes and procedures for real estate transactions. For this reason alone, it is important that REALTORSÂ® have a comprehensive understanding of their state’s laws, regulations and any additional information to help answer questions brought by individuals. An informed REALTORÂ® is a successful one.
One of the most common questions people will ask an agent is, “How much home can I afford?” A REALTORÂ® who is informed and valuable to their clients can give a general idea of what the costs are in a typical loan, including the monthly payment and annual property taxes. Although the client will always receive formal financing information from their lender, it is important for REALTORSÂ® to keep up on the information as it pertains to loans and interest rates via various websites, newspapers, and trade magazines that publish this information.
Useful Sources of Real Estate Information
One of the most valuable sources of information for REALTORSÂ® would be a recently published book on real estate principles for that agent’s state. In a principles book, a REALTORÂ® can find out basic information on zoning, home construction and general laws. It is very important for a REALTORÂ® stay updated on state and local regulations, as there are changes consistently in the legal areas of the real estate field.
REALTORSÂ® may generally think of themselves as salespeople, however a good REALTORÂ® will be seen as not only a salesperson, but a teacher as well. The process of either buying or selling a home is daunting to many individuals. Once a REALTORÂ® can demonstrate themselves to be an extensive database of information, they are sure to gain a client’s trust for present and any future transactions