Browsing Category Public Perception

Who Pays the Buyer Broker Fee?

This is a far-reaching and informative conversation/debate at Rain City Guide, which is worth the thirty minute read if you’re interested in this sort of thing . (And you should be interested if you’re in or will be in the market to buy or sell a house in Charlottesville or if you’re a Realtor … times continue to change as people continue to question and challenge the archaic way by which the real estate world operates) And here is the crux of the issue: If a broker just opens the door for a buyer, has that broker become the “procuring cause,” thus entitling that broker to the (commission)? … As the real estate industry matures in the modern, internet-based world, hopefully it will move towards a more rational way of compensating buyer’s brokers, one that compensates them for services peformed and value added, not just for “procuring” a buyer. I’ve said time and again – my business, and hopefully the better parts of the real estate industry, will continue to shift towards representation of clients’ and their interests and away from selling. (come back on 9 September to read a very relevant story about buyer broker fees)

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Should Realtors Disclose if They Haven’t Represented a Short Sale?

The services which REALTORS® provide to their clients and customers shall conform to the standards of practice and competence which are reasonably expected in the specific real estate disciplines in which they engage; specifically, residential real estate brokerage, real property management, commercial and industrial real estate brokerage, land brokerage, real estate appraisal, real estate counseling, real estate syndication, real estate auction, and international real estate.

REALTORS® shall not undertake to provide specialized professional services concerning a type of property or service that is outside their field of competence unless they engage the assistance of one who is competent on such types of property or service, or unless the facts are fully disclosed to the client . … 2 – Customers/potential clients (they’re different things by the way; see Article 1, Standard of Practice 1-2) should be interviewing their potential representation as if they are hiring someone to represent them in the biggest financial transaction of their lives. … 3 – If a Realtor is not doing at least five (and some have argued ten) transactions a year, they are most likely not up to speed on the most recent happenings, changes, relationships that are crucial to client success in this market.

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I Tried to Show a House This Weekend

The lockbox doesn’t work and apparently hasn’t worked for many months; another Charlottesville Realtor told me that he had tried to show the house five times, to no avail … seven months ago. … But I’m left agreeing with my clients that the Realtor isn’t doing his job, that the house might have been worth something nine months ago. … Think about this – nearly 28% of the houses currently on the market in the Charlottesville MSA are vacant – that’s about 700 homes. … About 155 homes have been on the market for at least a year . 72 of these vacant homes have been on the market for at least 600 days.

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Talkin’ about Raising the Bar

If you’re curious or interested in the ongoing conversation about raising the standards of professionalism within the real estate industry, tune in to Blog Talk Radio tomorrow to hear the first in what promises to be a brilliant series of conversations (myself excluded). Raise the Bar on Blog Talk Radio . … From ethics to contract-writing to putting photos in the MLS, there are no real (enforced or enforceable) standards of professionalism in the real estate profession. (One of the many ways that Nest Real Estate Group is different ) 201002081023.jpg

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