Homebuyers
and sellers today, more than ever, view their real estate professional
as a partner, not just an agent.
The proliferation
of the Internet, which allows consumers to help themselves to information,
combined with the increasing complexity of the real estate deal, has changed
the way today's homebuyers and sellers use a real estate professional,
according to Michael Faulkner, President of the Fayette County Board of
Realtors.
Consumers are
looking for a partnership with their professionals and service providers,
rather than someone who takes care of every detail for them, Faulkner
said.
"Collaboration
is the name of the game for today's consumers in everything from home
buying to health care. And today's Realtors are responding to this consumer
demand," he said.
"In 2000
we began to see a major shift in consumer behavior toward a new, more
collaborative style of working with Realtors and other professionals,"
Faulkner said. Dubbed "strategic control" by the highly regarded
national research company Yankelovich Monitor, this trend has important
implications for how Realtors do business.
The Yankelovich
research, along with other comprehensive studies of real estate professionals
and their customers, inspired the National Association of Realtors to
launch a new set of television, radio and print ads in 2002. The new ads
carry the tag line, "Work with someone who will work with you. We're
Realtors. Real Estate is Our Life."
"The new
ads dramatize the collaborative style of working with customers, showing
how Realtors and homeowners work side by side, in a team effort, to get
the job done," Faulkner said.
Faulkner pointed
out that different customers want different attributes in their "Realtor-partners."
A successful real estate professional learns quickly to adapt his or her
style of work to the situation at hand.
"Some
customers see their real estate professional as a white water rafterhelping
them get through the wild ride to closing; some see their agent as a social
worker, focusing the on the interpersonal relationships that make a deal
go through; others see their agent as a financial planner; while some
are just plain looking for a level-headed negotiator," Faulkner said.
The attribute
everyone is looking for is trust, he said. "Today more than ever,
it's the Realtor's adherence to a strict Code of Ethics that sets them
apart from licensees who are not members of the National Association of
Realtors," Faulkner said.
Faulkner reminds
consumers that whether you're buying or selling a home, you should first
find a Realtor who makes you feel comfortable and assured that you will
get to the end of the deal successfully.
Real estate
is one of the most competitive businesses in America, so local Realtors
must fight hard to succeed in each community. "That puts you in the
driver's seat, when it comes to finding the right real estate professional
for you," he said.
Faulkner suggests
that consumers interview at least three Realtors before selecting the
one that is right for them. He also suggests asking friends and neighbors
about the Realtors they have used to get informed referrals.
"The most
important thing is that you find a real estate professional who is a Realtor
one of the 840,000 members of the National Association of Realtors
who is qualified to carry the registered Realtor trademark after his or
her name," Faulkner said.
"What
you're really looking for is someone who will work with you, just like
the ads say," Faulkner said.
Watch and listen
for the National Association of Realtors TV and radio spots, which are
running on network television and radio shows through October of this
year. To see/hear the spots online and to learn more about the ad campaign,
check out www.realtor.org/realtororg.nsf/pages/tvads031802.
(Michael
Faulkner of Faulkner Commercial Group is president of the Fayette County
Board of Realtors, which serves a membership of over 600 Realtor and affiliate
members in Fayette County.)
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