This is for the realtors out there. First we learned that the CEO of the San Diego Association of Realtors embezzled $1,000,000+, and now we hear that the National Association of Realtors is full of scumbags. The NY Times ran a story over the weekend that accused the...
Realtors Talking Shop
MLS Confidential Remarks
Here are comments left by listing agents in the MLS confidential remarks over the last month - some are scoldings! No Showings until Open House, Then use showing time. Seller will only show WED/ SAT MUST USE SHOWING TIME!!! Must have a Pre qual To Enter Per seller...
More Behind the Scenes
I like to promote my listings at the local broker meetings, just in case someone might have a buyer. It would be really beneficial if the big agents attended these meetings and participate like they do in La Jolla - the camaraderie alone is worth it. Then the open...
Appraisal Gap
Hat tip to our seller who noticed a new paragraph in the counter-offers this year that went undetected by everyone I know - and we go to the Forms Update every year to hear about changes! Paragraph 1C in the counter-offer identifies the Appraisal Gap: When we first...
Assigning the Contract
Agents are supposed to maintain a good working knowledge of the purchase contract, and every year we go to the C.A.R. review to keep up with the changes. But I don't remember discussing this paragraph that was added in 2021, and expanded in the most recent version of...
Changing How Homes Are Sold
Between the lawsuits that will decouple commissions and homes.com that funnels all inquiries back to the listing agent, the buyer-agents are cooked. It's just a matter of time. Hat tip to RE News - an excerpt: Florance also detailed his vision for Homes.com, which he...
MLS Shenanigans
We've covered the ways that buyers and buyer-agents are getting battered by listing agents. Making homes tough to show, no transparency about offers and bidding-war process (if any), below-market commissions, sandbagging listings in-house for days or weeks before...
Racing Towards Single Agency, Part 3
Won't somebody just produce an all-encompassing (pardon the pun) website to facilitate homes sales? There is a new disruptor every month with their unique solution, and it's ALWAYS born out of their frustration with buying a home recently so they are happy to bash...
Racing Towards Single Agency, Part 2
I spoke to a few agents on the broker preview yesterday about business this year, and the common theme was that agents are have big trouble finding people who want to sell their home. It suggests that the inventory of quality homes will be extremely low this year....
Racing Towards Single Agency
I don't think anyone in the realtor industry recognizes the harm being done to the consumers by squeezing out the buyer-agents. The good ones offer a valuable service by assisting homebuyers with the complexities of purchasing a home; a challenge that is tougher than...