Comments on: Real Estate 101: Representation

By: shay

shay — Sat, 10 Sep 2011 23:50:57 +0000

Anyway, I have not been here to your site in a long time. Every time I come back, there’s like 10 more gadgets on it!

I recently converted my static site to WP and I’m using Thesis as well.

BTW, are you using the Diverse Solutions IDX Plugin? I was going to until they decided to charge for it. There are many FREE ways to get RSS feeds into a WP now days. They are not as nice, but we all know the real goal…

By: Rob | Atlanta Homes

Rob | Atlanta Homes — Thu, 22 Jul 2010 06:26:20 +0000

Jay,

How are you?

Two posts up is a post I made on February 18, 2010 at 7:43 pm. At the bottom, there's a link to a post called Hello World.

This page does not exist on my site and I'm getting a crawl error in my Google Webmaster Tools as a result.

Can you please remove that link for me?

Thanks!

Rob

By: Gomer H

Gomer H — Mon, 01 Mar 2010 16:08:48 +0000

Great article. It will be interesting to see where the industry goes with biz models like Redfin. Our site, http://www.gohoming.com, will only work with buyer's with agent representation. Given that we currently just represent REO homes for sale, the REO property may be a deal but don't lose out on it by taking a risk.

By: Rob McCance

Rob McCance — Thu, 18 Feb 2010 19:43:46 +0000

Good post Jay.

I often get the "I'm calling about your listing" calls but almost never do I get into the "I jsut want to talk to the listing agent" discussion. Not sure why.

Anyway, I have not been here to your site in a long time. Every time I come back, there's like 10 more gadgets on it!

I recently converted my static site to WP and I'm using Thesis as well.

Anyway, ur site is lookin good,

Rob
.-= Rob McCance´s last blog ..Hello world! =-.

By: Mark Brian

Mark Brian — Mon, 08 Feb 2010 08:23:16 +0000

Excellent article and ironic that I was just discussing this over the weekend with someone NOT in the business. I do not know who is promoting the concept of buyers being unrepresented but it needs to stop. I feel so sorry for buyers that end up getting the short end of the stick, especially since most are completely unaware of how badly they just screwed themselves.

By: Denise Hamlin

Denise Hamlin — Sun, 07 Feb 2010 09:30:14 +0000

Hi Jay ~ Late to the party, but I'm totally with you on this too. Dual agency is pretty common practice in Iowa, so I get some odd looks when I say I'm against it too, (yes, the killed the kitten look springs to mind). I still don't see how getting the highest price and lowest price at the same time is feasibly possible… And yes I know we work on commission, but as you correctly point out, you can't put a price on a satisfied client!

A fantastic post that I hope many buyers read.
.-= Denise Hamlin´s last blog ..New Movies and Events in Iowa City & Coralville this Weekend =-.

By: Top 10 real estate posts of the day for 2/4/2010 : Tempe real estate and free home search

Thu, 04 Feb 2010 15:36:32 +0000

[...] Real Estate 101: Representation – Jay makes a very strong case on why calling the listing agent on the sign may not be the best [...]

By: Matt Stigliano

Matt Stigliano — Thu, 04 Feb 2010 09:32:32 +0000

It's no secret that I'm with you on this. I've blogged about it, talked about it, and argued about it with more than one agent. There is (in my mind) only one reason for dual agency (of the single agent variety, I have no problem with inter-office dual agency as long as it is done right) – greed.

I've seen the "I just double-ended a listing" high fives before too. Each time, my stomach soured and I felt sick. Is this who we are as agents? High-fiving just because we made extra money on a transaction? I'd rather be high-fived because I helped someone buy the house they wanted for the price they wanted – that's a job well done. To me, those high-fives are about as slimy as hearing someone say "take your client to XYZ Builder – they're offering a $5,000 bonus if they close by the end of the month." Yuck. If my clients have the needs that matches what a builder is offering, then I will show them the homes, but I will not take them to a community just because there is an incentive dangled in front of me.
.-= Matt Stigliano´s last blog ..Showing Homes to a Buyer: What They Want to See. =-.

By: Nick@Subject2.com

Nick@Subject2.com — Thu, 04 Feb 2010 07:58:39 +0000

Jay, you make some very valid point and I certainly don't disagree with you whatsoever IF and only IF you are a retail buyer.

I'm an investor and my approach is very different however I am on your side with this. If I were the caller (assuming he's a retail buyer) you without a doubt want someone like yourself fighting for your interests. With my investment properties/ flips my team of agents who I work with on a regular basis see things a little differently. They know they're going to be getting paid both sides of the commish and they also know that getting a house sold for 'top dollar' isn't always in the sellers best interest, most of the time, it's just getting it sold 'quickly' regardless of the discount involved. In those cases they really are serving both sides, the seller in getting the house sold immediately and my side as I'm getting a significant discount.

I look forward to this series Jay.

By: Jeffrey Douglass

Jeffrey Douglass — Thu, 04 Feb 2010 06:03:24 +0000

Duane, I love this quote about the attorney – going to be using that one from now on!
.-= Jeffrey Douglass´s last blog ..Week 5 Rancho Santa Fe Closed Real Estate Sales =-.