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3. How Will You Keep Me Informed? Inform the broker how you like to communicate: text, phone, or email. Note that texting is not appropriate for any essential, legal-related interaction. Ask if they'll devote to a routine schedule of in-depth written marketing and activity reports (every two weeks is a sensible expectation) and ensure that they can be quickly reached when you have concerns or require an update.

4. What's  Related Source Here ? The standard commission rate genuine estate brokers is 6%, usually divided between the sales agent (a. k.a. the listing agent) and the buyer's representative. A part of it first goes to the listing brokerage, so the agent personally receives a cut of between 60% and 90% of that commission.

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Ask to see the spending plan, and be clear about which sales-related expenses will come out of the broker's commission, and what you might have to pay for yourself (e. g., staging). 5. How Well Connected Are You? This does not suggest that you need to know how numerous friends the broker has on Facebook.

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An experienced broker will have solid connections to other genuine estate-related specialists: staging business, property attorneys, photographers, and even moving companies that you can rely on. 6. Do You Have Any Recommendations? Do not overlook this one. Be certain to get the names of recent clients. It's always handy for the broker to have a page or two of quotes from customers for that first meeting, however don't rely exclusively on that.