Remember now, not every real estate agent or broker is a REALTORS®. You must be able to distinguish a REALTOR® from a non-REALTOR®. In the Philippines the REALTORS® is a member in good standing of the Philippine Association of REALTORS® Boards (PAREB). He is a government-licensed broker and a trained professional in the real estate business.
Make the right choice – partner with a REALTOR®.
Only a REALTOR® can access the Multiple Listing Service™, The MLS™ is the single largest database of real estate properties for sale or lease in the world, even in the Philippines. But more than a database of property listings, the MLS is a comprehensive compilation on real estate information and services. The REALTOR® can tap the MLS™ for you in case you need to buy or lease a property, or add your property to its database in case you need to sell. When he does that, it is like announcing your requirement to all the REALTORS. You deal with one but you can be sure more than one REALTOR® will move to satisfy your need. The MLS™ is a most reliable mechanism that non-REALTORs® cannot offer you even if they want to.
Agency
Whether you are buying, selling or leasing a property, make sure to discuss “Agency” with your REALTOR®. Make sure to discuss your requirements and its parameters as well. The REALTOR® may represent you as buyer or seller, as lessor or lessee. It is possible for him to represent both the buyer and the seller, the lessor or the lessee, in the transaction. Whatever, you can expect him to disclose his participation in the transaction.
BuyingIf you're buying, you may be asked to sign a Buyer Agent Agreement. Buyer representation services can include a "needs" assessment and searching for the right property, Your REALTOR® can provide you with several properties to choose from, each property to come with complete presentation of facts and documents, all verified, and with objective assessment of the neighborhood, for your consideration. Your REALTOR® can validate claims of ownership and authority to sell to prevent you from incurring losses due to fraud or misrepresentation. Your REALTOR® can help determine your buying power and he can negotiate with the sellers for you to get the best price and terms. Your REALTOR® can guide you through the closing process and take care of the documentary and legal requirements to make sure everything goes smoothly.
Selling
If you're selling, you may be asked to sign a Seller Agent Agreement. Seller representation services are about selling your property as quickly as possible, at the best price possible. Your REALTOR® has a wide range of marketing and selling services to achieve it. Your REALTOR® can provide current information about market conditions and about pricing of similar properties in similar neighborhoods. Your REALTOR® can pay newspapers and magazines to advertise your property, Your REALTOR® can do internet postings and networking with other real estate brokers. Your REALTOR® can enlist your property in the MLS. Should there be inquiries, your REALTOR® can do property staging, host an Open House and drive the interested parties to a site visit of the property. Should there be offers to buy, your REALTOR® can help you make an objective evaluation of each proposal. Your REALTOR® can negotiate with the buyers to get you the best price and terms. Your REALTOR® can guide you through the closing process and take care of the documentary and legal requirements to make sure everything goes smoothly.
Take full advantage of the professional services a REALTOR® can provide you. The REALTOR® abides by the stringent, enforceable REALTOR® Code of Ethics, which obliges him to treat his Agency with you with utmost care, integrity, confidentiality and loyalty. He is trained to focus his heart and mind towards one goal: client satisfaction.
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