things you need to know before dealing with a real estate agent/broker in the Philippines
watch Roman joe Anoso as he explain the things you need to know about your real estate seller
- Dealing with real estate brokers bumps up the real estate price
This is a big misconception. For example, there are people who look for condos in Baguio who assume that contacting or going to real estate brokers would change the price of the property they will buy– they think that the service they offer has additional fee. But in reality, real estate brokers and real estate agents in Baguio, don’t actually have any additional fee. “Real estate agent’s fee” is a myth; it does not exist. The price of a property is the same whether you were assisted by a real estate broker or not.
Although it is good to take note that private properties are a different case than those sold by real estate companies. There are instances that private properties are usually handled by real estate brokers in service to help friends or families, although it is not under any agency. This is how the price of the property changes.
- Real estate brokers can easily be bypassed because their work is easy
People who seek to purchase house and lots in Baguio think that the job of a real estate broker can easily be done by the buyers themselves. However, both real estate brokers and real estate agents in Baguio, or anywhere else here in the Philippines, take a full 4-year course in order to officially get that title. It is not as easy as most people think of it to be. After taking that extensive 4-year course, they take a board exam in order to get the official real estate license. You can liken it to those professions who also need to get licenses such as nurses, physical therapists, etc. This is why real estate buyers should not just belittle their brokers, the job is learned through many courses and years. Finding the best properties with best deals is not as easy as it seems.
The problem some people may be thinking of in the back of their head is that what if this licensed real estate broker has a bad record or bad history. But, just like the other professions mentioned above, real estate brokers who do have their license can also experience having them revoked, if they commit acts that are not improper. This is why you can be assured that if you are dealing with a licensed real estate broker, you can be sure that they are credible.
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