June 10, 2010

The Difference Between A Real Estate Seller And A Real Estate Agent

Filed under: Decision-Making — B. Slade @ 4:57 pm

Sadly, many, actually about 90% of Real Estate Sellers are mistaken or called Real Estate Agents. Although the Agents sell, not all that sell are agents.

What’s the main difference?

Real estate sellers have a product in mind which they have been trained to sell. If they have about 3 houses they are selling, it will not really matter much to that seller whether the prospective buyer is qualified to buy any of the 3 because he or she will go even an extra mile to enlighten the buyer how good it is to own one of those houses. Much time got spent selling to someone who cannot even afford. The prospect just agreed on everything else good except for the price.

The real estate agent, on the other hand, does not sell or offer anything without first knowing the facts like what the buyer needs and if the buyer can afford it. If it’s a housing loan, will the age and income qualify? From a given data, an agent qualifies the buyer and matches the qualifications to the agent’s list of available units and will not even clutter the buyer’s mind with information not needed (like those of the properties the buyer is not qualified to have).

So, a real estate agent does not sell. He or she helps the buyer get the property he or she needs under his or her financial and legal capacity.