Product Review: RatedAgent.com
By RE Technology Staff
Posted by: RE Technology
Agent ratings are a hot topic among real estate professionals today. Consumers love service provider ratings, and real estate is among the last service industries to adopt a solution. There are a variety of tools available – each with a slightly unique approach. One provider of service ratings for real estate is QSC, with several customer satisfaction survey options along with a consumer website, RatedAgent.com. RatedAgent.com allows consumers to look up quality of service ratings during the agent selection process. Since its founding in 1998, QSC has been a leader in creating consumer centric service standards and real estate agent ratings.
Providing consumers with trustworthy, comprehensive, and impartial agent ratings is a central goal for RatedAgent.com. However, they also look at agent ratings from the professional side. They've developed tools to help on both the individual and company level; we'll dig into that a little more thoroughly shortly.
The Customer Satisfaction Rating (CSR) on RatedAgent.com is simple for both consumers and agents to understand. It is an average of the Overall Satisfaction question from both buyer and seller returned surveys. There are no other factors or secret formulas that influence the rating; it is solely based on the overall satisfaction as rated by verified past customers.
When an individual or company joins RatedAgent.com, they agree that every closed transaction must be surveyed to maintain integrity. This is central to the RatedAgent.com philosophy – it ensures that consumers can trust their ratings. Surveys are sent via email; however, if a client does not have an email address, a paper survey will be sent for a nominal fee. Brokers or franchises may configure their accounting system to automatically trigger customer surveys to be sent for all completed transactions through a simple interface.
The results of returned surveys are aggregated and shared with each agent and, if applicable, their management team. Users can set up custom email notification settings so they know when new surveys are returned. At any point, authorized individuals may look at their overall ratings with easy-to-generate reports. This all happens within the RatedAgent.com web-based back office solution (which, to be clear, is internal and not accessible by consumers).
Ratings are based on a rolling three years, so this is the default setting for any report, but users can adjust the date range. For most users, reports look at either buyer or seller data – the questions asked of buyer and seller clients are different, so reporting them separately makes more sense. Once a report has been generated, the masthead shows overall ratings (including both buyer and seller data), but the rest is specific to either buyer or seller.