Many times people use the term REALTOR® in a generic way.
REALTOR® is a trademarked word, and should only be used when referring to a member
of the local, state or national association. A REALTOR® is a real estate professional who is a member of the National Association of REALTORS® , is a member of his
or her local and state associations of REALTORS® , and subscribes to the
association's strict code of ethics. The term "Real Estate Agent" is a gener ic
term. It is a sales person or agent who is responsible to a real estate broker and who is
liscensed by the state real estate commission to assist the broker in his business of
buying, selling, exchanging, appraising, and managing property.
THE REALTOR® OATH UPON JOINING THE REALTOR® ASSOCIATION, A REALTOR®
PLEDGES THE FOLLOWING:
To protect the individual right of real estate ownership and
to widen the opportunity to enjoy it; To be honorable and honest in all dealings; To seek
better to represent clients by building his/her own knowledge and competence; To act
fairly towards all in the spirit of the Golden Rule; To serve well his/her community, and
through it his/her country. To observe the REALTORS® Code of Ethics and conform
his/her conduct to its lofty ideals.
SELLING YOUR HOME? WORK WITH A REALTOR® !
Selling your home is a complex transaction requiring
time, effort, patience and know-how. Selling it fast at its full value requires the
expertise and experience of a real estate professional - especially a broker or agent who
is a REALTOR 4;
HERE'S HOW A REALTOR® CAN HELP YOU:
- A REALTOR® knows the current real estate market and can help you
set a realistic competitive price. A REALTOR also is familiar with the local home
loan market and can help you decide on financing that's best to expedite your sale.
- A REALTOR® knows how to figure the approximate net proceeds from
your sale based on types of loans, outstanding loan balance and closing costs.
- A REALTOR® can suggest how to add sales appeal to your home at low
or moderate cost.
- A REALTOR® knows where to find prospective buyers. Most homebuyers
prefer to work with a real estate agent. Serious prospects are "qualified" as to
their affordable price range before your home is shown.
- A REALTOR® can tap an even larger market, if necessary, through
referrals, marketing techniques and the Multiple Listing Service.
- A REALTOR® frees you from problems associated with showing your
home. The REALTOR handles all phone inquiries, makes appointments, shows your home
and follows up, leaving your time for you.
- A REALTOR® maintains objectivity in responding to possible
criticisms by the buyer and in presenting offers and counter-offers until an agreement is
- A REALTOR® knows how to help the buyer meet local financing
requirements and go about obtaining a mortgage loan.
- A REALTOR® can familiarize you with closing procedures by
explaining them in advance. A REALTOR® usually attends the closing with you.
HERE'S HOW A REALTOR® CAN HELP YOU
probably the biggest investment you'll ever make, with long-term financial ramifications.
It calls for many informed decisions and for good advice from a real estate professional.
When buying a home, you can learn from the knowledge and skill of a REALTOR.® "
- A REALTOR® helps you determine how much home you can actually
afford. Often a REALTOR® can suggest additional ways to accrue the down payment and
explain alternative financing methods.
- A REALTOR® can help you work out a realistic idea of the home best
suited to your needs - size, style, features, location, accesibility to schools,
transportation, shopping, and other personal preferences.
- A REALTOR® has access to a listing of available homes, can evaluate
them in terms of your needs and affordability, and doesn't waste your time on unsuitable
- A REALTOR® often can suggest simple, imaginative changes that could
make a home more suitable for you and improve its utility and value.
- A REALTOR® can supply information on real estate values, taxes,
utility costs, municipal services and facilities, and may be aware of proposed zoning
changes that could affect your decision to buy.
- A REALTOR® most often acts a a liaison between you and the seller
to present offers and counter-offers until an agreement is reached.
- A REALTOR® can tell you if local law requires an attorney at
closing and most can provide you with a list to choose from if you don't have one.
- A REALTOR® usually knows the local money market and can tell you
about financing. A REALTOR® also can tell you what personal and financial data to
bring with you when you apply for a loan.
- A REALTOR® can help familiarize you with the closing process by
explaining it in advance.
WHY PAY A COMMISSION?
Before making a costly mistake, consider the benefits you
receive from working with a trained real estate professional.
Areas Serviced: Clare and Gladwin County