Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby is sleepless in seattle who wrote (15080)	11/14/2003 2:53:12 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 306849

Nope, I don't buy into it. I feel for what happened to the victim, family, and friends. Do not buy then, I was not selling anyway... somehow your alleged compassion seems hollow. So many murders out there, you must live in a complete state of anxiety... got pills? This act sends another message to agents to become more aware of their environmet and attention to caution. So does crossing the street, you must look both ways... just in case. Common sense will help a long way. Regardless, this does not preclude the fact that a client should perform due diligence when it comes to their largest investment. Although the majority of agents may lack in marketing and/or basic RE knowledge, the minority of those practicing as "professionals" are abundant, even if it means interviewing more than what is perceived is enough to find the right one. So? I never suggested clients (buyers and sellers for that matter), should not carry out said due diligence, in fact, I mentioned that the seller should do so... My point is the disproportionate amount of real estate agents who have little knowledge to handle these transactions. As an example, it is pitiful to encounter many of these "agents" who have absolutely no clue of basic finance, the concept of misrepresentation, the conflicts that dual agency may bring, nor the resistance of the industry at large that "buyer's agent" should be of prime importance to the industry. Lately, the issues in regards to hazardous wastes and substances in properties, particularly under the litigious society we live. More, The attitude that some "listing" agents have... once they "possess" said listings; they know they have a disproportionate amount of control over the transaction, particularly if he/she is an unprofessional agent. I have nothing against real estate agents earning a living, but if they are to perform the service they claim they can provide, then they ought to be well qualified, ethical, and professional... the current status of the industry gives little evidence that the great majority are in fact anywhere near that level. The worse sometimes is to encounter an agent with a commercial real estate listing and then find out this person cannot even handle a Hewlett Packard hp12c financial calculator (or any basic knowledge of finance), let alone what a capitalization rate means. To give you an idea of what the standard in the real estate industry to obtain a license ought to be, every agent should complete a full CCIM course and pass each exam. Then the commissions paid would be justified, instead of paying said amounts to what in many instances are bored housewives, retired car salesmen and the like...