No Real Estate License? Buyer Beware!

The other day I received a very nice email from one of our visitors that wanted to share his bad experience with an unlicensed Realtor. Although our information here is geared towards prospective real estate agents rather than client’s, client’s are the heart of our business, so I felt this email could be beneficial to everyone stopping by the site.

Rather than just pasting his original email into an article and running with it, I thought it would be interesting to not only ask him to share his experience, but also his advice from a home buyer’s perspective. His response is below:

I recently bought a house on five acres of land. This was the most difficult thing I have ever done. Why? It did not need to be difficult or complicated. Not for the home buyer.

My real estate agent was terrible. The first thing you should do when thinking about buying a home is to check out your real estate agent. Find out how long the agent has had their license? You can also ask how many homes they have been a part of selling? Do not feel bad about asking questions. Buying this home and property maybe the biggest step you take in your life.

My real estate agent did a terrible job. He was not available to me or the seller. He made mistakes in the paperwork that cost valuable time. This ended up causing me to lose the house. The next thing you need to know is that you can fire your real estate agent and get another one. Do not feel like you owe a real estate agent anything. They are in it for the money, remember that.

The only person that is going to look out for your interest is you. Finding the right real estate agent is the most important thing you do when buying a new home. Educate yourself on the real estate laws of your state. Ask questions about what is necessary to gain a real estate license in your state. Consider getting a real estate lawyer to check over everything and protect you.

Getting a real estate attorney can save you a great deal of money in the long run. The attorney is liable if anything goes wrong and is there to protect you. Do not let a real estate agent talk you into anything without you thinking about it first. If they want you to make a snap decision, a red flag should go up and you should slow down and think about it.

Take your time and find a real estate agent who has had their real estate license for a length of time you are comfortable with. You should be comfortable with your real estate agent.

The sad truth is that there are a lot of Real Estate Agents out there working under these false pretenses. For those of you interested in obtaining your real estate license, take some of this information and stick it in your pocket, it could easily mean the difference between your success and failure. I would also like to thank our wonderful readers for being so open to sharing their experiences with all of us.