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NEGOTIATION TIPS FOR REAL ESTATE AGENTS.
As a real estate agent, negotiating is a crucial skill that you need to master to be successful in your profession. Negotiation can make or break a deal, and your ability to negotiate effectively can be the difference between a happy client and a lost sale. Here are some negotiation tips for real estate agents that can help you close deals successfully. Know Your Client's Needs and Goals The first step in effective negotiation is to understand your client's needs and goals. You need to understand what they are looking for in a property and what their budget is. You should also understand their motivations for buying or selling a property. Understanding your client's needs and goals will help you to negotiate effectively and reach an agreement that is mutually beneficial. Know the Market To negotiate effectively, you need to have a good understanding of the local real estate market. You should know the prices of similar properties in the area, the average time properti

REAL ESTATE AGENT REVIEWS AND RATINGS IN UGANDA.
Looking for a real estate agent can be a daunting task, especially when you're about to invest in one of the biggest purchases of your life. But what if I told you that now you can make an informed decision by checking out real estate agent reviews on the Real Estate Database (RED)? Yes, that's right! RED has recently introduced a feature that allows property hunters to review their agents. You can click on the stars on each agent's profile and leave remarks about your experience in a free-form review box. But here's the catch: the reviews have to be based on your own genuine experiences with the agent. You must also confirm that you have no personal or business relationship with the agent and have not been offered any incentives or payments for your review. Now, let's talk about the advantages of leaving a review. First, it helps other potential clients make an informed decision when choosing an agent. Second, it helps RED to identify the most valuable players (MVPs) and impro

HOW TO CONVINCE THE SELLER TO SIGN YOUR COMMISSION AGREEMENT
Buying or selling a property can be one of the most exciting and nerve-wracking experiences in a person's life. As a real estate agent, you play a critical role in helping your clients navigate this process smoothly. However, convincing a property seller to sign a commission agreement can be a daunting task. But don't worry! With a little bit of creativity and a lot of hard work, you can make the process more exciting and increase your chances of success. Here are some tips on how to convince the property seller to sign a commission agreement with you: Highlight the benefits of working with an agent: Let the seller know that working with you will be a game-changer. As a professional real estate agent, you have a wealth of knowledge about the market and can help them navigate the complex process of buying or selling a property. Explain how you will save them time, money, and hassle, and make the process fun and exciting. Show your track record: There's nothing more impressiv

AGENTS ABANDONING THE PRACTICE OF TOPPING PROPERTY PRICES WITH COMMISSION.
Several years ago, when I first ventured into the Ugandan real estate market, a common practice among real estate agents was to top-up property prices with their commission. This practice resulted in each agent having their own price for the same property. Back then, it seemed like a normal part of doing business, as landlords were often unwilling to pay commissions on their quoted prices.   Agents resorted to topping-up property prices in order to secure their commissions, and the more they added, the more they earned. However, this practice had its downsides, including the hardening of landlords' hearts, locally known as "Okuzimba Omutima." As a proponent of capitalism and a believer in free market economics, I initially saw no issue with agents topping up prices. Buyers willingly paid the quoted price, and yet they had plenty of options to choose from. Moreover, topping-up property prices was not illegal.   However, times have changed, and this practice has become incr