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#142056 - 05/21/07 02:27 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: pikes peak]
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Major Contributor
Registered: 08/16/04
Posts: 1979
Loc: Cary, NC
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"There is no duty to show ALL homes that might seem to fit someone's criteria."
Some folks here might want to reintroduce themselves to the difference between the law of agency ....and the COE... the later of which is voluntary and has (almost) nothing to do with law.
_________________________
the real estate industry is changing...
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#142061 - 05/21/07 02:38 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: super realtor]
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Major Contributor
Registered: 12/15/04
Posts: 2743
Loc: CO
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#142067 - 05/21/07 03:00 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: pikes peak]
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Veteran Member
Registered: 12/17/06
Posts: 648
Loc: SoCal
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Each local board also has it's own set of rules. That's what I mean by all real estate is local.
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The Loan Diva
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#142068 - 05/21/07 03:03 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: ericka]
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Major Contributor
Registered: 02/05/05
Posts: 2713
Loc: Las Vegas
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Loan Diva,
It is not unethical to show FSBO's last after everything else. It is also not unethical to not show FSBO's at all! I am not required to show a FSBO to a buyer. I am not required to show any home I don't want to show to a buyer. If I were required to show EVERY home that fits my buyer's needs, I would be showing way more homes than I do. FSBO sellers can take a hike if they think that I am going to hunt down buyers for them without holding the listing. I don't work for free or "half-price".
NAR statistics say that sellers net an average of 16% more money when listed with a Realtor as opposed to selling by FSBO. I would share that with any FSBO seller. I would also tell them that when buyers are remotely interested in a FSBO home, they will be more likely to lowball the property because they know the seller is trying to save the money that would have been paid to a Realtor anyway. So there goes all their big savings now to the buyer instead with a much lower net amount. that just doesn't make sense. as a buyer, why would I care about the seller's arrangements? I am going to offer what I am willing to pay or what I perceive the market value to be, regardless. It doesn't make sense? As a buyer, are you not looking to get the best deal possible? If you notice, many investors go after buying FSBO's. This is because they know that the seller is trying to save the commission that they would have to pay a listing agent and now they are trying to obtain the same price for their home. Well, wouldn't it make sense to squeeze out the commission amounts from a seller off the price if you can. This makes very much sense to most people.
_________________________
Len McGuirk Prudential Americana Group Direct: (702) 203-6688 Las Vegas Real Estate
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#142069 - 05/21/07 03:04 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: Loan Diva]
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Major Contributor
Registered: 02/05/05
Posts: 2713
Loc: Las Vegas
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Each local board also has it's own set of rules. That's what I mean by all real estate is local. The NAR is who sets the COE. They are not local.
_________________________
Len McGuirk Prudential Americana Group Direct: (702) 203-6688 Las Vegas Real Estate
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#142074 - 05/21/07 03:22 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: Agent 007]
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Veteran Member
Registered: 12/17/06
Posts: 648
Loc: SoCal
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I understand who NAR is & what a COE is, good grief.
A COE is a model set of standards.
Each board has it's own rules as well.
_________________________
The Loan Diva
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#142126 - 05/21/07 08:27 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: D_M_S]
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Veteran Member
Registered: 06/24/06
Posts: 1074
Loc: Bucks County PA
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I'm with Diva on this one - not showing your buyer _all_ homes that fit their criteria would definitely violate the COE of my local board. After all, "know your market", should go beyond doing a search on the MLS - FSBOs, for better or worse, are still part of your market. The phrase "know your market" does go beyond doing an MLS search....you are referring to listings. I dont need to know who is FSBO. It is not against COE. I only show homes listed in the MLS. Do you have plenty of time to know about all the FSBO in the area? I dont and i dont care to. FSBO are a pain in the [censored], and just like a client or potential customer who could be a pain in the [censored], I choose not to deal with them. If I choose not to deal with some who wants me to list their home, but I feel they are going to be a pain in the [censored] and waste my time, am I violating the COE? nope.
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#142170 - 05/21/07 11:08 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: pikes peak]
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Member
Registered: 02/15/07
Posts: 263
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Joseph Grabowski, REALTOR® Keller Williams Preferred Real Estate – Yardley, PA I HOPE YOU RE-CONSIDER YOUR STATEMENT. That has to be the funniest post ever! And that's the reason why I don't advertise my name and website.
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#142171 - 05/21/07 11:15 PM
Re: FSBO wants to blame the Realtors in our area for n
[Re: Kep]
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Veteran Member
Registered: 12/14/06
Posts: 873
Loc: Eugene, Oregon
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I'll show FSBO if they seem like a fit, but man... they are ALWAYS a pain. ALWAYS. Seems like they all tended to buy that way, without a Realtor®, and didn't do their proper inspections yada yada yada and now they are trying to pass off a flawed home on someone else who isn't doing their due diligence.
They also seem to be universally priced wrong in this market.
Mostly, though, how exactly is it I'm supposed to even know about them? I'll stop in and say hi if I notice one, but they are usually unfriendly to me, the evil Real Estate Agent, and most of them around here are militant about NO COMMISSION! That, coupled with "optimistic" pricing, means that if my buyers have to pay me my commish, then it's just WAY over market.
So I don't go out of my way to keep track of FSBO's. I might if there was a convenient way to do so- but there isn't. And it's enough of a job staying on top of the MLS. I'm learning a new area right now, as homework, and that's plenty to keep a young man busy.
If a client asks me to help them with one I'm always game, of course.
-jeff
_________________________
(541) 285-5492
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#142197 - 05/22/07 03:10 AM
Re: FSBO wants to blame the Realtors in our area for n
[Re: pikes peak]
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Veteran Member
Registered: 06/24/06
Posts: 1074
Loc: Bucks County PA
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Joseph Grabowski, REALTOR® Keller Williams Preferred Real Estate – Yardley, PA I HOPE YOU RE-CONSIDER YOUR STATEMENT. What part of my statement are you referring too?
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