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What is the True Value of a REALTOR®?

Louisiana REALTORS® • December 27, 2022

There can be a fine line between doing something yourself and entrusting your goals to an expert. While there are a number of experts in a wide variety of fields, there are still some things we prefer to do on our own. Oftentimes these tasks can be achieved with little to no consequence. However, there are those times, situations, and parts of life where the risk may not be worth the reward. Whether it’s working on your car, diagnosing your symptoms, or planning your retirement, at some point it will be a good idea to leverage the expertise of a professional. 


Where that line sits is different for everyone. But there is a big difference between changing the oil in your garage and replacing a transmission; taking aspirin every few hours and doing surgery; monitoring your 401(k) and deciding which mutual funds will make your retirement dreams happen. The same is true when you are buying or selling your home. Looking online and doing your own research is one thing, but having a fiduciary representative looking after your best interests can save you a lot of headaches and a lot of money.


Just like a financial planner, your REALTOR®, whether you are buying or selling, has a fiduciary responsibility to you as their client. This responsibility, coupled with NAR’s strict Code of Ethics, means that you can have the peace of mind that your best interests and goals are at the forefront of every decision. While a REALTOR’S® fiduciary duty is the overarching benefit of your relationship, here are some more specific benefits of working with a REALTOR.


Contracts and Negotiations

Real estate transactions include complex and complicated legal processes. Having someone represent you who not only understands these processes, but can inform, advise, and negotiate to ensure that your investment is as successful as possible.


Real Estate Regulations

Staying current on changing real estate laws can be a full-time job in itself. If you are moving from state to state or simply across town, there can be a wide array of laws and regulations that you need to be aware of. This is your REALTOR’S® job. They are well-versed, and immersed in real estate regulations and will be aware of any and all pertinent information for your transaction.


Market Expertise and Consultation

If you’re shopping for a new house, your job is to know what you want; your REALTOR’S® job is to know where to find it. If you’re selling your home, it is their job to get you the best price possible in a timely manner. Both sides of this transaction are improved when you have someone on your side that understands the market. There are a lot of other factors that go into the purchase or sale of a home other than the number of bedrooms and total square feet. Being familiar with property tax regulations, school districts, nearby amenities, and many other elements all provide a much clearer picture for you as a client.

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As previewed last week, NAR is pleased to share the latest consumer guide focused on seller disclosures. This guide covers the basics of what home characteristics sellers are required to disclose to help potential buyers make informed decisions and protect sellers from legal liability. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Seller Disclosures Property Taxes Preparing for Homeownership Escrow and Earnest Money Pricing Your Home Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover tactics for marketing your home.
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