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

To: fatty who wrote (18818)	3/22/2004 6:39:12 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Most established agents don't actively look for buyers. Only those new comers are eager to work with you and they don't provide anything of value. >> Well, I guess nothing's changed lately, then. You'd feel like you were on another planet if buying real estate in the Northern Virginia area or in California, plus a million other places in the U.S. I hardly knew what to do with relocating buyers from New York or New Jersey, etc. They refused (absolutely REFUSED) buyer agency and had me working for them with two hands tied behind my back. Every time there was an issue with a seller or a property that I could have really helped them with, I had to keep quiet, keep representing the best interests of the seller and let the buyers take their lumps. These lumps were minor, but usually cost them some trouble or money I could have saved for them. And they still came out of the transaction thinking I'd done OK. Go figure. I don't care whether the seller or the buyer is my client. But I like my job clearly spelled out, and will pursue everything my client deserves, knowing the state law, ethics and all other rules are backing me up. I don't know why the Northeast has been immune from a buyer-agency trend that took hold just about everywhere else in the U.S. years ago.

To: fatty who wrote (18818)	3/22/2004 6:41:12 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

My understanding is that Massachusetts brokerage law is fairly consumer protective like California. An real estate agent or broker who does not disclose he is the owner, or partial owner or beneficial owner, of the house he is selling will lose his license and owe both fines and damages if you can prove this. I'd have a witness with you or ask the agent to put this in writing, say in reply to a fax. Likewise if this is a net listing, on behalf of the builder-owner, then additional disclosure will also be required.