15 questions to ask your buyer’s agent: WA Department of Commerce
Jennifer DukeSeptember 3, 2014
Finding a buyer's agent that fits your investment plan is tricky business. They're not all made equal.
If you're currently in the process of choosing a buyer's agent, then here are 15 questions that you should be asking:
- What are your skills and experience as a buyer’s agent?
- What is your fee?
- How is your fee determined?
- What services are included in your fee?
- Are there any additional fees/charges?
- Do you need my authority to incur additional fees/charges?
- How frequently will you provide me with a list of suitable properties?
- How thoroughly do you evaluate properties on the list? What research do you undertake before recommending a property to me?
- How does the negotiation process work?
- What strategies will you employ to achieve the best possible outcome for me?
- Are you a member of a relevant industry body, such as the Real Estate Institute of WA (REIWA) or the Real EstateBuyers’ Agents Association of Australia?
- Can you provide references from former clients?
- Do you have Professional Indemnity insurance?
- Do you have a conflict of interest? In other words, are you the selling agent for a property that you think I might be interested in purchasing?
- What happens if I locate a property myself or inherit a property during the period of our contract?
Source: Government of Western Australian, Department of Commerce (for more of their tips, see here).
You can also read Property Observer's guide to choosing a buyer's agent here.
Jennifer Duke
Jennifer Duke was a property writer at Property Observer
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Buyer's Agents