True or False:
1. For homebuyers, an agent can save you time in your home search. True False
2. For sellers, an agent helps you understand your obligations and saves you time by marketing and advertising your home. True False
3. A qualified buyer's agent must know the neighborhoods, property values, and homes in your price range. True False
4. A good way to select a buyer's agent is at random, by letting agents approach you at open houses. True False
5. How an agent represents you (buyer's agent, seller's agent, dual, etc.) is not an important factor. True False
6. Homebuyers and sellers should get referrals from friends or associates and interview several before working with any agent. True False
7. The major benefits to hiring a buyer's broker is that they can freely offer their opinions about a home's benefits or drawbacks or price, and represent you in the negotiation. True False
8. Buyers and sellers should understand the broker's fees and get all their questions answered before signing a broker to represent them. True False
9. Sellers should ask how many home sale transactions the broker has closed in the last year. True False
10. If it feels uncomfortable, sellers don't need to ask if the broker has had ethical or legal problems. True False
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