Why It’s Important to Use a Licensed Real Estate Agent When Finding a Property

Buying a home is one of the most significant investments you'll ever make, and having the right support is crucial. When searching for a property, it's essential to ensure you're dealing with a licensed real estate agent. A licensed agent is trained, qualified, and legally permitted to provide real estate services, ensuring that your transaction is handled professionally and ethically. Here’s why working with a licensed real estate agent is important and how you can make sure you’re doing so.

The Importance of Using a Licensed Real Estate Agent

1. Professional Standards and Training: Licensed real estate agents have undergone specific training and met the qualifications required by the Real Estate Authority (REA). This training equips them with knowledge about property law, market conditions, and ethical standards, ensuring they can guide you effectively throughout the buying process.
2. Legal Protection: Licensed agents are bound by a strict code of conduct and must adhere to the Real Estate Agents Act. This regulation provides legal protection for both buyers and sellers, ensuring that all transactions are conducted transparently and fairly. If issues arise, you have the assurance that there are formal procedures to address complaints.
3. Market Knowledge: A licensed agent has access to up-to-date market data and insights, which can be invaluable when making informed decisions about purchasing a property. They can provide accurate property valuations, highlight potential growth areas, and advise on market trends that may impact your buying decision.
4. Negotiation Skills: Licensed agents are skilled negotiators who can represent your interests effectively. They understand the nuances of the property market and can help you secure a fair price, saving you money and ensuring that your investment is sound.
5. Access to Listings: Many properties are listed exclusively through licensed agents, giving you access to a broader range of homes that may not be advertised on public platforms. Working with a licensed agent can therefore open doors to more opportunities and help you find the perfect property more efficiently.

   How to Ensure You’re Using a Licensed Real Estate Agent

6. Check the REA Public Register: The Real Estate Authority (REA) maintains a public register of all licensed real estate agents in New Zealand. Before engaging with an agent, check their credentials on the REA website to confirm that they are licensed and in good standing. This register provides details about the agent’s licence status, any disciplinary actions, and other relevant information.
7. Look for Professional Affiliations: Licensed agents often belong to professional bodies such as the Real Estate Institute of New Zealand (REINZ). Membership in such organisations indicates a commitment to ongoing education and adherence to industry standards. Ask your agent if they are a member of any professional real estate associations.
8. Ask for Proof of Licence: Don’t hesitate to ask the agent to provide proof of their licence. A legitimate and professional agent will have no issue showing their credentials and should be proud to do so. This is a straightforward way to ensure you're dealing with a qualified professional.
9. Read Online Reviews and Testimonials: Online reviews can provide insights into the agent’s reputation and professionalism. Look for feedback from past clients on platforms like Google, social media, or property websites. While not all reviews will be perfect, consistent positive feedback is a good indicator of a reliable agent.
10. Ask for Recommendations: Word of mouth is a powerful tool. Ask friends, family, or colleagues for recommendations if they’ve had positive experiences with real estate agents. Personal referrals often lead you to trustworthy professionals who have proven track records.
    Using a licensed real estate agent is crucial when enquiring about a property. It ensures that you are dealing with a trained, qualified, and ethical professional who can guide you through one of the most significant financial decisions of your life. By taking steps to verify the agent’s license and reputation, you can protect your interests and make your property buying experience smooth and successful. At SM Property, our licensed agents are committed to providing expert advice and exceptional service. Contact us today to start your home-buying journey with confidence.