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Reported on Tuesday, February 9, 2010 8:09 PM

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BBB has determined that this business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business' products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business' product quality or competency in performing services.

This company participates in BBB CARE. This means the company has agreed to use special procedures including arbitration, if necessary, to resolve disputes.

Based on BBB files, this business has a BBB Rating of A-

Click here for an explanation of BBB Ratings.

Reasons for this rating include:
• Length of time business has been operating

(859) 269-0065 (FAX)

This company or its agent is licensed, registered or certified by the Kentucky Real Estate Commission. 

The BBB has processed no customer complaints on this company in its three-year reporting period.

The BBB has no information regarding Government Actions at this time.

The BBB has no information regarding Ad Reviews at this time.

Realtor Listing
The speed at which your home sells can often hinge on your real estate agent's skills. Some are vastly more qualified than others. But, how do you assess an agent's strengths and weaknesses? Conduct interviews with several agents. Those who can handle tough questions intelligently and logically are going to be in your corner and represent you well. Ask the following questions:

1. Have you aquired any special training or credentials since obtaining your realtor license? The best agents take extra classes to sharpen their skills.

2. Could you give me a list of your sales activity over the last 12 months? Each sale should be itemized based on specific location, selling price and property type. When analyzing this list, consider If the agent rarely sells property in your area, in your price category and your type of property. To best serve you, an agent should show sales fitting all three criteria.

3. Will you give me references to call? True professionals won't balk at your request for the names and phone numbers of recent clients.

4. How do you justify the price you're suggesting for my property? Don't make the mistake of going with the agent who prices your property the highest. Most agents calculate selling price from recent comparable sales in the same area. Check out the properties the agent is using to support the pricing proposal.

5. Would you suggest any changes to make my property more marketable? Only 10% of properties are ready to sell when first seen by the agent. There are likely to be changes which will enhance your property's appeal and a good agent will prepare a checklist of changes to increase the yield of your sale. Be skeptical of any agent who claims your property is perfect as is.

The contract you sign when you list your property with a realtor should state, among other things, the amount of the real estate commission; the conditions under which the commission is to be paid; and the type of listing involved.

The commission is negotiable and varies depending upon circumstances - with harder to sell property having a higher rate than property which is readily marketable. Usually, the commission depends on price, with lower priced property usually varying from 6 to 7 percent, the rate scaled downward for higher priced property. Generally speaking, the commission is due when the property is sold to someone who viewed the property during the listing period.

The realtor will:

(a) help negotiate a price if the buyer does not meet your asking price, and prepare a sales agreement which will set forth the terms you have agreed upon, including who pays the costs of closing and the real estate transfer taxes.

(b) also assist in making sure the closing goes through as planned; and that the change of possession takes place as smoothly as possible.

(c) assist in arranging financing or finding mortgage for the buyer, often through sources with which the realtor has has previous dealings. This is particularly helpful and important during periods of high interest rates and tight money.

In Kentucky, realtors are regulated by the:

Kentucky Real Estate Commission
MAIN PHONE: (888) 373-3300
MAIN FAX: (502) 595-3040
ADDRESS: 10200 Linn Station Rd., Suite 201
Louisville, KY 40223

The Commission hears cases against realtors and can report on past cases. This agency also has the power to revoke a realtor's license.

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BBB Reliability Reports are provided solely to assist you in exercising your own best judgment. Information in this BBB Reliability Report is believed reliable, but not guaranteed as to accuracy.

BBB Reliability Reports generally cover a three-year reporting period. BBB Reliability Reports are subject to change at any time.

If you choose to do business with this business, please let the business know that you contacted the BBB for a BBB Reliability Report.

ID: 155643493
Report as of: 2/9/2010 8:09 PM

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