Four Common Real Estate Agent Myths

There are many horror stories surrounding real estate agents and the process of purchasing a home. As such, it is no wonder why some people are afraid to start looking! Fortunately, most of the stories that are circulating about the process of purchasing a home are nothing more than myths. Here's a look at some of the most popular myths and the truth behind them.

Myth #1: Real Estate Agents are Always Late to Appointments

While there are certainly a few agents out there who seem to think their time is more important than yours, this isn't the case with all agents. In fact, if you have an agent who can't seem to make it to your appointments on time, it is time for you to look for someone who can. Don't listen to excuses. Demand the respect you are owed.

Myth #2: Agents Have to Show You Homes on Demand

If you have a signed contract with a buyer's agent or if the agent you have contacted represents the seller of the home, he or she will certainly show you the home you have requested to see. Otherwise, the agent is under no obligation to show you anything. After all, agents can't be expected to work for free and taking you to see a home without any contract from you or a possibility of earning a commission simply isn't good business.

Myth #3: Agents Get Kickbacks from Lenders, Inspectors and Title Companies

Put simply, receiving kickbacks from a real estate vendor is against the law. Since 1974, the Real Estate Settlement Procedures Act, or RESPA, has made this process illegal. While there may be some unscrupulous agents who still take kickbacks, most would not risk losing their license for a little extra money.

Myth #3: Home Inspectors Recommended by the Agent will Always Favor the Agent

While your agent would certainly like to see the home come through with a favorable inspection, no reputable agent will want the inspector to put a stamp of approval on a home that doesn't deserve it. First of all, most agents want what is best for their clients. After all, a happy client is a client who will give a good recommendation to other buyers and sellers. Second, real estate agents don't want to risk being sued by a client who believes material facts were not disclosed as required by the law. Simply put, real estate agents know it is best to fully disclose all of the details to a buyer and a good agent will work on your behalf to make certain all of the necessary repairs are made before the transaction is completed.

Myth #4: Agents Need to Tell Clients About the Ethnic Make-Up and Crime Statistics of a Neighborhood

While it may seem reasonable to ask your agent certain details about the neighborhood you are considering, keep in mind that Federal Fair Housing laws prevent agents from discussing certain details. More specifically, any information that can be considered discriminatory cannot be discussed. Even if you are asking about details for good reasons, such as wanting to live in a Jewish community so you can be surrounded by others of the same faith, your agent cannot provide you with information regarding the ethnic make-up of the community. The same is true when it comes to providing information regarding school statistics and crime rates. A reputable agent can, however, point you in the right direction so you can obtain this information for yourself.

About the Author:
Ryan Lynch is part of the top notch marketing team for an Austin real estate company . They specialize in Lake Travis Real Estate Listings and West Austin Homes for Sale and they are ready to help you.

Article Originally Published On: http://www.articlesnatch.com

Tags: myths

, real estate agents

, realtors

, home buyers

Related....

Videos...

Recent UnCategorized Articles

Color In Chinese Culture "...� By: fashionchinese | May 31st 2012 - Color in Chinese culture refers to the various colors that are considered auspicious or inauspicious. The Chinese character for color is (yns). In ancient China, the character more accurately meant color in the face. During the Tang Dynasty, yns began to refer to all ...

learn chinese online

Galvanized Steel Sheets & Pipes: Necessities Of Life By: R. Peterson | May 31st 2012 - Galvanized Steel obtained after the process of some chemical coatings over steel to protect it from rust and other unusual weather threats like corroding. Yes, it is the coating of Zinc Oxide around the steel which makes it better to use and protects from unordered corroding. The w ...

steel products

galvanized sheets

galvanized pipes

A New Weatherproof Coal Bunker By: James P Martin | May 31st 2012 - Storage is often one of the most pressing issues on the minds of homeowners.

Ergonomic Computer Chairs To Prevent Spinal Injuries By: Kelly Fox | May 31st 2012 - Ergonomics is the study of how a person sits, stand, position itself, and move around at the same time as performs his daily assignments. It is significant to get information on how to put into force ergonomics while you work, move around, or sit down on a chair at a computer in an ...

How To Determine What Is A Good Website To Learn The Basics Of Forex Trading By: Mary Robins | May 31st 2012 - Foreign exchange is a platform for currency trading. A good website will explain why currencies are traded and how profits are made from these trades. It will also explain the value of currency and what determines one values currency to another. This is not a simple concept and it ...

forex trading strategies

forex trading strategy

forex trading software

forex trading systems

forex trading tips

Choosing The Right Ergonomic Office Chair By: Kelly Fox | May 31st 2012 - Amongst the most significant piece of furniture a home office can boast off is the ergonomic office chair. There is a wide range of office chairs to opt from, reliant on the function for which they are to be used. There are several office chairs just to sit on and to make your visi ...

How To Eliminate Pests By: James P Martin | May 31st 2012 - If you have a pest problem at your home, you may not know how to effectively eliminate pests. However, eradicating pests from your home and yard does not need to be difficult; you just have to know how to control the problem.

Newest Fashion Statement In Home Furniture By: Kelly Fox | May 31st 2012 - You see as soon as it comes to furnishing home with items like coffee tables, lesser is better is the latest trend, as the latest approach in the world of home furnishing is being modest as soon as it comes to home furniture. That denotes you need to confirm you have a bit that can ...

Guidelines On Choosing The Right Office Chairs For Your Office By: Kelly Fox | May 31st 2012 - A significant thing to keep in mind earlier than buying a new set of office chair is that, it must be within your desired budget, next it should be from a reputed furniture retailer whether operating from neighboring store or online and thirdly, it should go with your office decors ...

Buying A Right Ergonomic Office Chair By: Kelly Fox | May 31st 2012 - Furthermore in all probability if any single piece of office furniture that has experienced the most alteration in due course, it simply has to be the ever-present office chairs. With the advent of computers and electronic systems into our work profiles, for sure, has had a most si ...

Comments

Still can't find what you are looking for? Search for it!

Site Navigation: