Eighty-eight percent of buyers recently purchased their home through a real estate agent or broker, and six percent purchased directly from a builder or builder’s agent.
Having an agent to help them find the right home was what buyers wanted most when choosing an agent at 50 percent.
Forty-two percent of buyers used an agent that was referred to them by a friend, neighbor, or relative and 11 percent used an agent that they had worked with in the past to buy or sell a home.
Nearly seven in 10 buyers interviewed only one real estate agent during their home search.
Eighty-eight percent of buyers would use their agent again or recommend their agent to others.
Sixty-four percent of sellers found their agent through a referral from a friend, neighbor, or relative or used an agentthey had worked with before to buy or sell a home.
Seventy-two percent of recent sellers contacted only one agent before finding the right agent they worked with to sell their home.
Ninety-two percent of sellers listed their homes on the Multiple Listing Service (MLS), which is the number one source for sellers to list their home.
Seventy-seven percent of sellers reported they provided the agents' compensation.
The typical seller has recommended their agent twice since selling their home. Thirty-three percent of sellers recommended their agent three or more times since selling their home.
Eighty-five percent said that they would definitely (70 percent) or probably (15 percent) recommend their agent for future services.