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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (2833)	6/19/2002 2:18:46 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

Grace,re:"how...". Here is an example (real, mine). In the last BoomBust Cycle, when I bought the house (before the Bust), we signed everything on the contract in the agent's office,...., and casually, the agent brought out another form,....oops, this little form is not important, but required by law (to cover the ass), please sign just so that you know we (the agent/ agency) represented the seller thru out the WHOLE PROCESS !!!. Thank you very much.

To: GraceZ who wrote (2833)	6/19/2002 2:25:26 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

i don't think the argument is being made here that anyone expects another to look after their interests.. quite the opposite, the argument is that ANY commissioned sales person has a potential conflict of interest... and as i pointed out in my scenario, it's not just the buyer who has to beware. the seller needs to be educated from an independent source as to the value of their property and not simply rely on the broker. and i'm not going into extreme excesses wrt valuations...but simply "within the margin" of "comparable" sales. which still can amount to 10's of thousands depending on the property and while a good real estate agent will do whatever he can to get the best deal for his listing, no one will ever convince me that they aren't also concerned about aggregate sales....and that's where i think there can be some questionable influences.