Choosing the Right Broker For You You will be working as a team with your real estate broker throughout the entire process of buying or selling your home. Because service offerings vary from one real estate broker to another, make sure you ask the right questions.
To find a real estate broker, the first step often consists of asking people in your entourage. A recommendation from a family member, friend or neighbour can be very valuable. Make sure the broker knows the area in which you want to sell or buy a property. The Centris.ca website allows you to search for a real estate broker based on criteria such as the geographic areas they serve and the languages they speak. Meet the broker in person, as the chemistry between you must click. Ask them questions: Do they work alone or as part of a team? What specific services they will provide after you sign the brokerage contract? How will they make themselves available to you? Finally, do not hesitate to do some research on the Web. The website of the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ) can be useful, as it tells you whether a broker’s licence is valid and indicates the continuing education courses a broker has taken. You can also take a look at other properties the broker is listing to see the quality of their detailed sheets (text, photos, etc.).
10 Good Reasons to Work With a Real Estate Broker
There are several good reasons to hire a real estate broker when buying or selling a home. Here are 10 that you will want to consider.
1. Buy or sell at a fair price Brokers have access to the latest market statistics and advanced tools that allow them to perform a comparative market analysis. As a buyer or seller, this means that you are buying or selling your property at a fair price.
2. Benefit from the broker’s understanding of legal documents and procedures Your broker will help you fill in the seller’s declaration, prepare and explain all of the clauses in the promise to purchase, and help organize all the documents you need for the signing at the notary’s office. Your broker will also inform you of the steps to take to buy or sell a home and can guide you to competent professionals who you may need to consult with.
3. Maximize your property’s visibility and traffic Your broker will list your property in the real estate brokers’ Centris® system and on the Centris.ca public website. Your home will therefore be available to Québec’s 13,000 real estate brokers and their buying clients. It will also be present on the website that contains the largest number of homes for sale in Québec.
4. Gain access to the largest database in Québec A real estate broker is part of a network of 13,000 brokers who list their properties on the Centris® system, which contains the widest selection of properties available for sale. A broker will work with you to select the properties that meet your needs.
5. Benefit from increased security and protection Real estate brokers are subject to the Real Estate Brokerage Act and must comply with various measures to ensure your protection: they must meet the requirements of the Organisme d’autoréglementation du courtage immobilier du Québec (OACIQ), contribute to the Real Estate Indemnity Fund and hold professional liability insurance. They are responsible for the real estate transaction.
6. Be accompanied at every stage of the transaction Your real estate broker will explain the steps to take and will accompany you throughout the entire transaction, from your first meeting to the final signature of the notarial act.
7. Ensure you obtain accurate information about the property In accordance with the Real Estate Brokerage Act, a real estate broker is required to verify all of the information that is used to promote a property they are selling. Among other things, the broker must ensure that the property description is correct and that all measurements are accurate.
8. Deal with serious buyers Your real estate broker ensures that clients who visit your property are serious and qualified buyers, which helps save valuable time.
9. Benefit from the broker’s many skills A broker provides a complete and accurate description of the property, performs a comparative market analysis, proposes a marketing strategy, verifies the specifications of the desired property, prepares and submits the promise to purchase to the seller, negotiates in the best interest of his or her client, and ensures that all conditions are met on time for the signing of the notarial act.
10. Save yourself time, effort and energy In addition to managing all phone calls, your broker will organize property visits, promote your property, select those that meet your specific criteria, establish a fair price, recommend competent professionals for consultations, and regularly inform you of ongoing developments and next steps.