Comments by "Crime Stoppers" (@crimestoppers1877) on "HOUSING MARKET WILL IMPROVE WHEN AGENTS ARE HELD ACCOUNTABLE" video.

  1. I found another good point in this interview ( for seller or buyer in Dual Agency) at 30:39. As seller or buyer I Always have retained a real estate attorney who I pay at the hourly rate for advice on every detail of an offer or acceptance. I have had them call into a confeence call during Escrow closing, when the Escrow officer trieed to pull some typical, but on the edge of legality decisions. Escrow officers and Real estate agents are not real estate attorneys and are not legal specialists in contract law. Court decisions change daily. My attorney always has only my interests in mind. A thousand dollars or more is nothing on transactions this large. Real estate agents just help me keep this transaction cost lower. Real estate agents have monthly bills like enyone else. As a buyer I never hide anything about my offers( always low and fast) and as a seller (always below CMV=fast). I never hide anything about my property or asking price. The Dual agent has a low risk when dealing with me.
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  2. Tell me all about it. The local Directors of the Association teach thgeir memebers how to do this "ethically". No other agent or broker would dare to bring it up at a meeting or they would be "frozen out" by the others in the group. Another game I see all the time as a buyer is that when I see a listing, especially a new one and I call the telephone nu ber on the listing. No one will answer the telephone, FAX, emails or visits to the real estate office. One broker told me ..."there is no law that says we have to answer the phone." Why? To prevent the "wrong" person ( buyers agents or buyers already represented by buyers agents) from seeing the property. WHy They want both sides of the deal, which I prefer, but unless I know the "secret" phone number the agent uses for only their investors or buyers I will not be able to see the property. This happens all the time in California. Selling is supposed to be a cooperativve marketing beteween sellers and buyers, but it is Not. Insiders, agents get to see ALL listings first and as a esult get "First dibs" on the best deals.  @grQ57gsbZ 
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  3. 3-6% is chump change for a buyer or seller of a property that meets both of their needs. I pay an additional SPIF to the agent who helps me close as a seller or buyer. I am not overly concerned with the sales commission, I am ONLY concerned if my sales transactions needs are met. One of those needs is a fast close. If the agent is a slow talker, or not at the top of their game, I am out and so is their potential commish. As a seller, I never sell FSBO and my asking price is always on the low side of the current daily CMV. I rarely sell at the highest local market price for the location. The speed and timing for each transaction are more important than price ( as seller or buyer).
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  4. This is one of the reasons I prefer Dual agency real estate transactions. The potential seller or buyer who has the most power ( assets, abilities, money) can prevail. As a seller I look for weaker buyers and as a buyer I prefer weaker sellers. I know that the Listing Broker has the most power among the agents involved and I must understand the "power" of this broker if I am sure of the deal on either side of the transaction. A weak seller, or buyer and a weak Broker is a winning combination for me. Mr/Ms broker how important to you , that you close today? Many times the listing broker is more concerned with how long a sales transaction takes to close than the selling price. If the broker does not care when a sale closes , I don't care either and walk ( as a buyer or seller). My transactions include not only a willing and motivated buyer and seller but also a motivated Listing broker. The subtext of my thinking is "How much does the Listing broker want the close ( commission)". If the broker, is hungry I am interested. I have found that many times most real estate sales are not just about price. The dozens of pages of government disclosures and requirements is a deal killer. No mortgage company approvals are required for a trade or cash deal. Price is always negotiable, and so are the terms.
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