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Of course, association membership doesn’t mean that a particular Realtor is more qualified than a given real estate agent, but the odds are pretty good that you’ll receive superior advice and service from a Realtor. To find a bona fide Realtor, look for the Realtor logo on business cards and stationery. Almost all Realtors make a point of proudly displaying this logo. You also can search for a Realtor in your area at www.realtor.com.

Picking an agent with the right stuff

Any licensed real estate agent can help you find, purchase, and sell a house, but you want someone whose experience and training are rooted in the business of flipping properties. Look for these qualities:

 Specialty in your target area: The agent should know the market in which you want to invest and be well versed on property values, market conditions, and neighborhood news that may affect future property values.

 Experience in other methods of finding homes to purchase: Shop for a real estate agent who specializes in your area of interest, such as these types of homes: For Sale By Owner (FSBO, pronounced “fizz-bo”), foreclosure, Housing and Urban Development (HUD), Veterans Affairs (VA), probate, or bankruptcy. With this approach, you become the fox in the henhouse with an inside connection. Consider choosing agents with different specialties. All agents are familiar with traditional sales marketed through the MLS, but some branch out into other areas, such as FSBO properties, sheriff’s sales, probate, bankruptcy, or real estate owned (REO) properties — repos owned by banks. When you have multiple agents who specialize in different areas, you broaden your selection of inventory. If an agent gets bank listings, buy from that agent because they receive both sides of the commission. When you flip the house, list it with the same agent. With the agent getting the listing and the selling commission (in my industry, it’s called a double dip), the agent will be more motivated to help sell the home.

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