When I originally wrote this, every day I was passing by another real estate office where the agent had a big banner outside “I SOLD 101 HOMES IN 2004!” This is what is called a production metric, and this one sounds fairly impressive at first glance, right? The question I want to ask is how …
Continue reading “Production Metrics versus Consumer Metrics”
From an email: I was in the process of buying and selling the house when we saw a FSBO house we liked was for sale. But sale fell through, which is a good thing anyway because of contigency on our house. But I also suspected it failed ecause the seller refuses to pay commission to …
Continue reading “Exclusive versus Non-Exclusive Buyer’s Agent Agreement”
I’ve been taking a long look at the world of For Sale By Owner and similar concepts lately. With the digital revolution, you always want to be watching the tide to figure out if you’re in a business that’s about to go the way of milk delivery and diaper service – a few left, but …
On a very regular basis these days, I’m running into people who took paid money for a get rich quick seminar and are looking to buy property for zero down and immediately sell it for a $50,000 profit. Somebody With A Testimonial Told Them How It Could Be Done. Sorry folks but the people with …
RESPA (Real Estate Settlement Procedures Act) prohibits an agent from requiring you to have other services performed by outside companies. RESPA also prohibits an agent from accepting payment (kickbacks) from third party service providers. Nonetheless, these are major problems in the real estate world. It is an unfortunate fact that many agents care far more …
Continue reading “Real Estate – Third Party Service Providers”
