Real Estate Question

ChristieAcres · #81 01/27/15, 11:08 AM

Quote:

Originally Posted by AmericanStand

Ive found your posts to be good and valuable advice .

Thanks for that compliment

But I believe your choice of words here might not have been the best.

They are quite literal and it is cleared up below

I don't believe you are REQUIRED to have HIGHER standards to be a Realtor just to meet certain mimumums.

Actually, we are required to maintain higher standards. I don't have time to write a long post of all the requirements via the local boards as well as the National Association of Realtors

Other agents are free to have higher standards , even Realtors are free and even encouraged to have higher standards.
AUTHORITY is a interesting word choice here too. Whos Authority do you have and what is it you use it to do?

Please see below

Personally I believe you are a exceptional agent exceeding the requirements of the Realtor system.

Thank you again for the kind words

Quote:

A Realtor is a Real Estate Agent who is a member of local boards and also the National Association of Realtors. I am a Realtor and we are required to maintain higher standards. That said, doesn't mean Real Estate Agents don't, but we are under authority to do so.

By definition, the first sentence is 100% correct. I am a member of the Sequim Association of Realtors and National Association of Realtors. By joining these associations, we are "under the authority of them to a degree." This means we are expected and required to meet high standards and provide services as Realtors. The State of WA is the ultimate authority over all of us, quite literally (Agents and Realtors alike). The NWMLS is also an authority over us, tightly monitoring, disclosing real estate laws, and meting out consequences for violations (conduct as well as listing infractions). In fact, they can fine Agents or Realtors for certain types of misconduct, breaking rules, and listing violations. The greatest authority under which we provide our services, is the WA State Real Estate Commission (the Director is the Chair of the Commission).

Yvonne's hubby · #82 01/27/15, 02:43 PM

Quote:

Originally Posted by FarmboyBill

What im afraid of is that IF I found a place on my own, AND THEN told my REA about it, she may have friends, kinfolk, OR her business partner agents may have same, and she forward them to the place I found. That may not be ethical, but ill never believe it hasn't happened.
I believe that, since agents make their money off of the commissions from the places they sell, that they should be doing what I am doing. Scouring the countryside for these places. IF a REA Co has say 6 agents in it, They can effectively scour a wide area from their base to keep up on the possibility of a private owner deciding to sell without their own REA. They, in doing this would make a commission from me for finding this place FOR me.

I wouldnt count on a rea to find the "bargain" on your behalf. We used to get tickled when a couple of our regulars would stop by and inquire about any super good deals we may have found or might find and wanted us to let them know about them. Yes, we kept our eyes open for the bargain fsbo's... and would put our customers right on them.... as soon as we had purchased them ourselves and marked the price up a bit. That being said, we always tried to get those fsbo's to list with us first... but if they were of the mindset to not pay us a commission, didnt need our expensive services all bets were off and we became potential buyers for them. I bought quite a few properties over the years this way and made pretty good profit nearly every time.
We had some unwritten rules within our office that we followed with rare exception... We would never run ahead of a buyer who was interested in a fsbo, we rarely bought our own listings, (that did happen a couple of times but only at the sellers request and if it served their best interests) and we always paid the asking price.

FarmboyBill · #83 01/27/15, 03:33 PM

yep, bout where my minds at.