How to Understand Realtor Ethics in Portsmouth NH

Portsmouth NH is blessed with many Realtors who are seriously dedicated to the well-being of their clients. Unfortunately, as with any profession, there are a few that are driven by greed at the cost of the client – and the Real Estate profession. Below are some tips and information on How to Understand Realtor Ethics in Portsmouth NH.

Advice on How To Understand Realtor Ethics in Portsmouth NH

Integrity has to drive this business.  We are dealing with your most important asset and a decision that has a significant impact on your life, yet we are paid only when there is a “sale”, so there is an inherent conflict.  Honestly protecting your interest means perhaps suggesting that you don’t accept an offer, although if you accept it we get paid. It means talking you out of buying a house that isn’t right for you. Realtors who are entirely focused on money and closing a deal are often working in their own interest instead of that of their client. What is Ethical?  Is underpricing a listing and having a buyer the Listing Broker’s firm also represents put in an offer before other Realtors have a chance to show it.   Are you sure that your home is being marketed?   If your Realtor urges you to accept the offer from inside his office, find out if other Realtors have had a chance to show the property.   There may be other buyers out there willing to pay more – but your Realtor would then have to split the commission.  This practice is against our code of ethics, but it is done all too often.

Other Portsmouth NH Information and Guidance

I tell my clients never to feel pressured to act unless they feel that they would be upset if someone else bought the home they are considering.   Does your Buyer Agent push you to make quick decisions? Some Realtors are taught how to “get the buyers off the fence”. That is SO not our job, and you don’t want a Realtor with that mind set. When you hire a Realtor, you are hiring a professional, and you are looking for someone who has high standards and acts professionally. You are looking for a Realtor who understands the importance of Realtor Ethics.

Never sign on with someone because they are offering you some incentive or freebie other than the best possible service and the highest integrity. This decision is too important to be swayed by a bribe for your business. A commission cut, a $1000 gift, free gas cards, that all disappears quickly in a poorly executed purchase or sale handled by a Realtor more interested in money than in you.

For additional information on how to Understand Realtor Ethics in Portsmouth NH or surrounding areas, contact John Wells at Wellsco Realty by calling 800-856-2479/978-518-1481 or emailing teamjohn@johnpwells.com.

About Editor-John P. Wells

I am a resident of Newburyport and have worked in education, high tech and urban development. My interests in architecture and construction are invaluable to my clients. For more information please visit the Wellsco website.