Maine Real Estate - Why You May Be Able To Save Money With A Realtor

Maine realtors have a long history in the business and as a result the realtor commission has been kept at an artificially low level. In fact Maine is one of few states that do not require a realtor's commission. This may actually be a good thing because if the business of selling a home is to thrive then the people who make their living from buying homes will not be able to start their businesses without some help.

For those who have no experience buying or selling a home, it can seem like an overwhelming task. Even though Maine realtors are not required to get a commission, they are still considered skilled professional agents and as such their services are expected to be offered at a slightly higher price than for those who need no such training. One of the main reasons for this is that those Maine realtors who have put in the time and effort to become experienced at working with both home sellers and buyers know their stuff. Their years of experience gives them the insight that allows them to better assist their clients in making an informed decision about their home sale options.

Another reason that Maine realtors state convention is that in many areas of the state there are restrictions placed on realtors so that the homes they manage can be sold quickly and efficiently. One example of this is the state of Maine, which has a mandatory Real Estate Cleaning and Restoration Act. This act requires that all licensed realtors have an NRECC or National Registry Of Realtors certificate in order to conduct home inspections. As an agent who breaks this law can be penalized heavily. There is also a state requirement that realtors be insured so that they are protected against any unforeseen problems while they are performing their service.

Maine realtors have a unique opportunity in the state of Maine to meet face-to-face with buyers and help them find a home that fits their needs. This is because the National Association of Realtors or the Maine Association of Realtors provides housing counseling and educational opportunities for its members. These are opportunities that buyers may not be able to find anywhere else. In addition, the Maine Association of Realtors has created a Realtor Work Station where working realtors can use the Internet to connect with buyers in their area that they may not otherwise meet. This particular Internet site is available twenty-four hours a day, seven days a week.

As was mentioned above the national average home-buying commission is one point two percent. Maine home owners however can get much lower commission rates by registering with the Maine Association of Realtors. They do this by paying a one time registration fee which then entitles them to one percent of the total commission that the brokers earn from selling a home in Maine. In turn this results in a Maine real estate broker getting a Maine real estate commission rate that is half the national average. The national average commission can sometimes run as high as seven percent.

As you can see there are numerous ways that the national average homebuyer can save money. This is why more people are turning to Maine realtors for help in their search for a new home. Realtors have the advantage of knowing the local market conditions and they also have access to the research and information about specific properties that may be ideal for potential buyers. The research that they often do is what can make the real estate market work to the advantage of the buyers and the sellers. It is this information that is not made available to buyers online. Maine realtors must work harder at promoting their services online.