#134697 - 04/13/07 10:50 AM
Re: Zillow's posting property feature:
[Re: Troy Richardson]
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Veteran Member
Registered: 06/12/06
Posts: 884
Loc: Sacramento, CA
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#134698 - 04/13/07 10:51 AM
Re: Zillow's posting property feature:
[Re: Paul Oaks]
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Member
Registered: 05/31/06
Posts: 389
Loc: Bennington, Vermont
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I may have been mistaken but from the way you made it sound the property was Not actively on the market but the owner would take a million. So this is in fact a listing that is currently on the market? If so I do apologize. Paul,
The property is for sale - the owner is a friend of mine and he will accept a million dollars for it, as I've put on Zillow. Why is this wrong?
Be careful about how you interpret my words. I never said that this was a listing that was on the market- I said the property is for sale - for a Million Dollars. I never claimed to have a listing on it. Isn't almost any property "for sale" when you offer three times it's current value to the owner? To clarify this example that I used, the real estate is not a listed property, it is not being actively marketed, but the owner will accept a million for it.
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#134699 - 04/13/07 11:15 AM
Re: Zillow's posting property feature:
[Re: Troy Richardson]
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Veteran Member
Registered: 08/16/04
Posts: 1343
Loc: Cary, NC
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Paul,
Let me first ask you to agree that when an owner enters into an exclusive agency listing agreement that they are entering into a contract. Agreed?
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the real estate industry is changing...
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#134700 - 04/13/07 11:18 AM
Re: Zillow's posting property feature:
[Re: Artiste]
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Major Contributor
Registered: 06/23/04
Posts: 3367
Loc: Central Illinois
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Artiste, I do not sell homes. I buy, sell and lease only commercial properties. I have not discussed any homes on Zillow nor do I intend to but you have missed the point. What is being done is not illegal or unethical so there is no concern about being in hot water. If I post an address that is currently in MLS and say that I think it is overpriced and there are at least 3 similiar properties currently on the market that are priced better that is not marketing that property. But anyone searching that address or comp on zillow will see my comment and maybe contact me to either discuss why I fell it is overpriced or to learn about the other 3 I mentioned. That is marketing for me by blogging my opinion and tying it to zillows property search. Everyone keeps saying this is illegal and unethical but no one has yet posted any specific statute or COE that this blogging violates. You say it is a violation then prove your position with some documentation of specific and relevant COE passages or state laws. Too many agents on here just simply say "X" is a violation but cannot back up their opinion with facts. I like facts and believe in doing my research. Paul, you better erase the homes you "discussed" on Zillow or you're going to be in hot water. The Seller contracted their Agent to represent them and market the home, not you. You may not market it without their permission.
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Paul Oaks Oaks Real Estate Group
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#134702 - 04/13/07 11:27 AM
Re: Zillow's posting property feature:
[Re: broker]
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Major Contributor
Registered: 06/23/04
Posts: 3367
Loc: Central Illinois
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A listing agreement is definately a contract. I do not agree that your contention that blogging about a property in anyway is interference with a contract. There are no damages and you have not harmed the listing agent in any way. Sorry gonna have to leave it here for now as I have to go lease 15,000 sf of retail space. Paul,
Let me first ask you to agree that when an owner enters into an exclusive agency listing agreement that they are entering into a contract. Agreed?
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Paul Oaks Oaks Real Estate Group
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#134703 - 04/13/07 11:31 AM
Re: Zillow's posting property feature:
[Re: Troy Richardson]
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Major Contributor
Registered: 06/23/04
Posts: 3367
Loc: Central Illinois
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Troy, I got your meaning the first time around and was correct on my first statement as I suspected! Lets not play word games. Your intent was far different from what was being discussed as you are well aware! I may have been mistaken but from the way you made it sound the property was Not actively on the market but the owner would take a million. So this is in fact a listing that is currently on the market? If so I do apologize. Paul,
The property is for sale - the owner is a friend of mine and he will accept a million dollars for it, as I've put on Zillow. Why is this wrong?
Be careful about how you interpret my words. I never said that this was a listing that was on the market- I said the property is for sale - for a Million Dollars. I never claimed to have a listing on it. Isn't almost any property "for sale" when you offer three times it's current value to the owner? To clarify this example that I used, the real estate is not a listed property, it is not being actively marketed, but the owner will accept a million for it.
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Paul Oaks Oaks Real Estate Group
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#134710 - 04/13/07 11:49 AM
Re: Zillow's posting property feature:
[Re: Paul Oaks]
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Veteran Member
Registered: 08/16/04
Posts: 1343
Loc: Cary, NC
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blogging is not what I'm talking about..... if you are then we are on two different subjects.
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the real estate industry is changing...
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#134730 - 04/13/07 12:59 PM
Re: Zillow's posting property feature:
[Re: pikes peak]
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Veteran Member
Registered: 08/16/04
Posts: 1343
Loc: Cary, NC
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So Pikes.... when you take a listing... you are only charging the marketing side? Therefore your commission should not include a co-broke fee.
Or are you taking a listing and are willing to pay another agent if they bring in a buyer... but would prefer to have a buyer purchase it through you directly? And what if another agent is not a Realtor?
Are you looking at this from an agents perspective or a managing brokers perspective?
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the real estate industry is changing...
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#134741 - 04/13/07 01:34 PM
Re: Zillow's posting property feature:
[Re: pikes peak]
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Member
Registered: 01/21/07
Posts: 280
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It only took us 13 years to teach people how to use the search engine. It'll take another 5 years to teach what blogging is.
Zillow is no different from going to google and typing a property address. It links to the property. You people need to get out of the dinosaur age thinking.
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Why do we assume that those charging less than 6% is a discount company and those charging 6% are giving full service?
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#134746 - 04/13/07 02:01 PM
Re: Zillow's posting property feature:
[Re: realting]
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Member
Registered: 03/24/07
Posts: 128
Loc: California
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Realting: We all get run over by technology, eventually. We are constantly looking at software(and hardware)in transition. The question is: Do the current models for selling houses suit the the agency and the agent more than they suit the seller?
It seems quite obvious that the Real Estate Brokerage business is about to get run over and reformatted by today's technology.
So join the charge or become a dinosaur -- is that what you said?
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