Frequently Asked Questions (FAQs) – Agent

Q: What is the difference between an Agent (Buyer’s & Seller’s) and a Transaction Broker?
A: An agent works solely on behalf of either a buyer or seller and promotes their interests (fiduciary obligation). A transaction broker is one who assists one or more parties throughout a real estate transaction without being an advocate for the interests of any party to the transaction.

Q: What is a Realtor®?
A: http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-buyers/why-you-should-work-realtor

Q: How does a real estate agent get paid?
A: Typically, the Seller of the property pays a commission to the Buyer’s Agent. This commission is not collected until the transaction closes. If the property is a For Sale By Owner (FSBO) there may not be a commission.

Q: How do I ensure that they are licensed?
A: https://apps.colorado.gov/dre/licensing/Lookup/LicenseLookup.aspx

Q: Where can I find testimonials?
A: Try taking a look at these sites and company websites: http://www.zillow.com/agent-finder/real-estate-agent-reviews/ http://www.realtor.com/realestateagents