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#134697 - 04/13/07 10:50 AM Re: Zillow's posting property feature: [Re: Troy Richardson]
Artiste Offline
Veteran Member

Registered: 06/12/06
Posts: 884
Loc: Sacramento, CA
Correct.

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#134698 - 04/13/07 10:51 AM Re: Zillow's posting property feature: [Re: Paul Oaks]
Troy Richardson Moderator Offline
Member

Registered: 05/31/06
Posts: 389
Loc: Bennington, Vermont
 Originally Posted By: Paul Oaks
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.

 Originally Posted By: Troy Richardson
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.
_________________________
Troy Richardson
RE/MAX Maple Leaf Realty
Bennington, Vermont 05201
Bennington VT Real Estate
RE/MAX Maple Leaf Realty, Bennington VT

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#134699 - 04/13/07 11:15 AM Re: Zillow's posting property feature: [Re: Troy Richardson]
broker Offline
Veteran Member

Registered: 08/16/04
Posts: 1343
Loc: Cary, NC
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?
_________________________
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]
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3367
Loc: Central Illinois
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.

 Originally Posted By: Artiste
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.
_________________________
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]
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3367
Loc: Central Illinois
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.

 Originally Posted By: broker
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?
_________________________
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]
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3367
Loc: Central Illinois
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!

 Originally Posted By: Troy Richardson
 Originally Posted By: Paul Oaks
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.

 Originally Posted By: Troy Richardson
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.
_________________________
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]
broker Offline
Veteran Member

Registered: 08/16/04
Posts: 1343
Loc: Cary, NC
blogging is not what I'm talking about..... if you are then we are on two different subjects.
_________________________
the real estate industry is changing...

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#134718 - 04/13/07 12:15 PM Re: Zillow's posting property feature: [Re: broker]
Troy Richardson Moderator Offline
Member

Registered: 05/31/06
Posts: 389
Loc: Bennington, Vermont
Paul, I think it is you who is not on topic.

This conversation is NOT about a discussion or blogging about a property. I think that this discussion is about doing EXACTLY what I did. If I am off topic, I'm sure Broker will correct me.

It's about an agent who is not the listing agent putting their information on a home making it appear that they are the contact for that property.

I'm not playing word games, you are interpreting things incorrectly. Please do not read into what I mean when I say something.

This discussion is whether Zillow is creating an environment where an unscrupulous real estate agent could hijack every single home on Zillow and say that they are for sale, for the sole purpose of driving inquiries into that agent.

You will have to tell me how you misunderstood "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." and thought that the property is LISTED and currently on the market. I made no such statement, I merely said the property was for sale, for three times it's actual value.

Blogging about a property, or putting your opinion all over the internet regarding a property is a totally different matter.
_________________________
Troy Richardson
RE/MAX Maple Leaf Realty
Bennington, Vermont 05201
Bennington VT Real Estate
RE/MAX Maple Leaf Realty, Bennington VT

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#134720 - 04/13/07 12:21 PM Re: Zillow's posting property feature: [Re: broker]
Artiste Offline
Veteran Member

Registered: 06/12/06
Posts: 884
Loc: Sacramento, CA
"Telling" Zillow about a property for sale is not blogging - a web-log (blog, for short) is an online journal.

Next you're going to say that the MLS is a blog....

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#134727 - 04/13/07 12:46 PM Re: Zillow's posting property feature: [Re: Artiste]
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2216
Loc: CO
"This discussion is whether Zillow is creating an environment where an unscrupulous real estate agent could hijack every single home on Zillow and say that they are for sale, for the sole purpose of driving inquiries into that agent."
If it sells the property, so what? No harm, no foul, I've done my job. (unscrupulous? only if misrepresented, but we have a COE for that)

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#134730 - 04/13/07 12:59 PM Re: Zillow's posting property feature: [Re: pikes peak]
broker Offline
Veteran Member

Registered: 08/16/04
Posts: 1343
Loc: Cary, NC
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?
_________________________
the real estate industry is changing...

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#134737 - 04/13/07 01:24 PM Re: Zillow's posting property feature: [Re: broker]
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2216
Loc: CO
I offer a co-op in the MLS to any REALTOR who brings a buyer (regardless of where the agent saw the listing). Everything else is negotiable with the sellers permission. (it only happened once to me in over 16 years where the other agent/non-REALTOR's commission was reduced by 1/2%)
I'd prefer a buyer to purchase through me (for financial reasons), however, that is not very likely with 4,000 other agents out there working with buyers.
I'm a Broker Assoc., not managing at this time.

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#134741 - 04/13/07 01:34 PM Re: Zillow's posting property feature: [Re: pikes peak]
realting Offline
Member

Registered: 01/21/07
Posts: 280
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.
_________________________
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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#134743 - 04/13/07 01:45 PM Re: Zillow's posting property feature: [Re: realting]
pikes peak Offline
Major Contributor

Registered: 12/15/04
Posts: 2216
Loc: CO
"You people need to get out of the dinosaur age thinking."
I think you need to learn some manners!

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#134746 - 04/13/07 02:01 PM Re: Zillow's posting property feature: [Re: realting]
Realtyeyes Offline
Member

Registered: 03/24/07
Posts: 128
Loc: California
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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