The Malibu real estate market is a complex market with many different aspects of real estate. If you’re going to buy in Malibu as an investment, and you’re facing complex issues, it’s best that you choose to work with an experience real estate agent or top Malibu broker.
But what is the difference between a Malibu broker and a real estate agent? And what is a Realtor exactly?
Simply put, a Malibu real estate agent will have taken all the necessary real estate classes, and passed the state real estate licensing exam. A Malibu broker has more education, and obtained a broker’s license. They can work as an independent agent, or have other real estate agents work under them.
A Realtor is a real estate agent or broker who has joined an association of Realtors, such as the Malibu Association of Realtors. By joining a association of Realtors, the Malibu broker/agent, promises to abide by the code of ethics and standards of that association.
Tips for Finding the Right Malibu Broker
For starters, you have to look at the experience and reputation of the broker. Keep in mind that the more experienced the Malibu broker, the higher the possibility they can deliver quality services.
There are some curve balls that might arise in the process of making an investment, and you need to ensure that the broker selected is capable of handling the situation in a logical and rewarding manner.
Designations are important when hiring a broker and for this reason, it is also important to ensure that the Malibu broker has credible certifications.
Being a board member with the Malibu Association of Realtors is not a requirement, but it does mean the Malibu real estate agent or broker is privy to the most up to date items that concern the local market.
Most of the successful brokers and Realtors that work in Malibu are absolutely full time. They live and breathe real estate, and have an intimate knowledge of the market from street to street.
Boutique or National Malibu Broker?
While you might choose a Malibu real estate agent to work with based on their credentials alone, whether they are working with a boutique brokerage or a national one may be something you want to consider.
A positive of working with a small brokerage is they are usually focused on the local area only, and may have more insight into the Malibu market. Boutique agencies are also a bit more picky about what real estate agents they choose to join them. So if your real estate agent works with a boutique Malibu broker, that might be a sign they are a special agent to work with.
The advantages of working with a larger brokerage is they offer their agents a great deal more training beyond their initial education. A national broker will also have a great deal more resources to help market properties, as well as a larger network in which agents can work with each other to help move properties for sale. The one negative of a national brokerage is that often a real estate agent can get lost in the midst of hundreds of other real estate agents.
In the end, your most important relationship will be with your Malibu real estate agent. If they are working with a reputable Malibu broker, licensed as one themselves, then you are in the best position to find the right Malibu home or property investment. Just be sure to take your time before choosing who you will work with, and do your research.
For more information about buying or selling Malibu real estate, call Russell Grether at 310.994.4247.