The Importance Of Real Estate Agents And Ethics

12/22/2020

In an age of computers and the internet, it has become extremely easy for clients to research properties all over the country, using a variety of tools that help them compile buyers lists and find suitable sellers. One of the most common questions that home buyers ask about, is whether real estate agents work for their own benefit or for the seller. The answer is not simple, but there are some facts that need to be established in the buyer-seller relationship.

The real estate agents have traditionally been independent individuals who often act as brokers to help buyers and sellers locate each other. In this case, they have traditionally marketed properties and made contacts with sellers and purchased properties as needed. The roles that agents play today are vastly different from those of their early predecessors. Although many of the brokerages and lending institutions that make up today's real estate market continue to work with these same brokers, many agents now find themselves working solely for sellers. Consider this product for real estate solutions now. 

One reason for the shift in the paradigm is the expansion of the Multiple Listing Service (MLS) and the real estate agents' ability to connect with multiple buyers and multiple sellers. An agent works to find the perfect property for the perfect buyer, which requires connections within the Multiple Listing Service (MLS) and extensive knowledge of the secondary real estate market. Agents now need to take a close look at the number of transactions that require their involvement. It may seem obvious, but the number of multiple listing service homes on the MLS far exceeds the number of properties that actually sell for a profit.

Another reason for the shift in the paradigm is the discovery that buyers and sellers no longer go through brokers to get financing for a real estate transaction. Many lenders now require that borrowers submit offers to them directly. This means that buyers can negotiate with sellers directly in order to determine the price that they will pay. There are many cases where a mortgage broker would be contacted by a lender for the financing of a particular home purchase, but most of these instances are being bypassed by homeowners in favor of leveraging the power of real estate agents to obtain financing. You'll want to check out these real estate services. 

The lack of integrity that accompanies many of the mortgage brokers and agents that work within the MLS system is becoming more noticeable as the problems of predatory lending continue to permeate society. Many realtors have been caught lying to both buyers and sellers either by providing information that is inaccurate or has been intentionally left out. The lack of integrity of realtors has resulted in many of these questionable activities being uncovered by the state attorney's offices that are responsible for overseeing the sales within the state. In some cases, these unethical realtors have even gone to jail for their fraudulent conduct.

These are only a few examples of why it is important to look towards hiring a good real estate agent to handle your transactions. Without ethics, the integrity of your clients' information is at risk. With bad agents, the opposite occurs. Bad agents create a good chance that your property will be sold to someone who will not honor the contract that you have with your clients. Ultimately, the relationships that you build with your clients will determine whether or not you can make a living working real estate sales in this industry. A strong ethical code promotes a sense of honesty and integrity, which is something that all agents must work to maintain in order to keep the integrity of their clients' information and provide a great service to those who seek their services. Here's how you can become a real estaate agent: https://youtu.be/mrpiPK8_up0