Comments on: Real estate agents keep lock on MLS – for now http://blog.studyreal.com/index.php/2009/11/real-estate-agents-keep-lock-on-mls-for-now/ Get your real estate license within 4 months Sat, 05 Dec 2009 20:27:37 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Bill Lafferty http://blog.studyreal.com/index.php/2009/11/real-estate-agents-keep-lock-on-mls-for-now/comment-page-1/#comment-393 Bill Lafferty Sat, 07 Nov 2009 19:07:16 +0000 http://blog.studyreal.com/?p=89#comment-393 As a realtor I resent hearing about how much money Realtors make and how they are ripping off Sellers with their high commissions. Notice the media never mentions what the average Realtor makes per year after expenses? There is a definite reason for that. Furthermore I have no problem that commissions are negotiable or competing with Discount Brokers wanting to charge less. What I do have a problem with, is them not properly representing the seller. They owe a fudiciary duty to the Seller,to get them as much money as possible by skillful negotiations and protecting them legally in a transaction helping them to avoid any possible pitfalls that could land them in a future lawsuit. Instead they just simply list and leave and do nothing more for the Seller. How would any lawyer feel if a potential client came to him or her and demanded partial representation to save on their fee.Telling the lawyer, "Yes, I want you to do all the paperwork and etc but I want to do all the talking and defend myself in court. Your years of education and experience in law is totally unnecessary and means nothing, I can represent myself equally as well and save money." I'm sure any selfrespecting lawyer would refuse to give such partial representation and would offer full service or nothing. Likewise a Realtor that's conscientious and a true professional feels exactly the same way and there's a good reason why that is. Realtors, who have been in the Real estate Business for a number of years have been required to take unending,ongoing Educational courses.This for the sole purpose of protecting their clients from legal pitfalls that could lead to major lawsuits. Their experience in negotiating effectively to obtain the highest price possible for the seller and still keeping a deal in tact between a buyer and Seller is also invaluable. One court recorder whom I just recently sold a home to, told me "I would never buy or sell a home without a realtor. realtors are worth the money!" The reason she gave me was on account of all the real estate nightmares when sellers and buyers try to do it on their own that she heard firsthand and recorded in court. I can't help but feel that the Competition bureau has no concept or understanding for the true value of the full services that Realtors provide.On account of that they want to water down those services which will be detrimental to the public and will end up in lawsuits too numerous for the courts to handle. As a realtor I resent hearing about how much money Realtors make and how they are ripping off Sellers with their high commissions. Notice the media never mentions what the average Realtor makes per year after expenses? There is a definite reason for that.
Furthermore I have no problem that commissions are negotiable or competing with Discount Brokers wanting to charge less. What I do have a problem with, is them not properly representing the seller. They owe a fudiciary duty to the Seller,to get them as much money as possible by skillful negotiations and protecting them legally in a transaction helping them to avoid any possible pitfalls that could land them in a future lawsuit. Instead they just simply list and leave and do nothing more for the Seller.

How would any lawyer feel if a potential client came to him or her and demanded partial representation to save on their fee.Telling the lawyer, “Yes, I want you to do all the paperwork and etc but I want to do all the talking and defend myself in court. Your years of education and experience in law is totally unnecessary and means nothing, I can represent myself equally as well and save money.”

I’m sure any selfrespecting lawyer would refuse to give such partial representation and would offer full service or nothing.
Likewise a Realtor that’s conscientious and a true professional feels exactly the same way and there’s a good reason why that is.

Realtors, who have been in the Real estate Business for a number of years have been required to take unending,ongoing Educational courses.This for the sole purpose of protecting their clients from legal pitfalls that could lead to major lawsuits. Their experience in negotiating effectively to obtain the highest price possible for the seller and still keeping a deal in tact between a buyer and Seller is also invaluable.
One court recorder whom I just recently sold a home to, told me “I would never buy or sell a home without a realtor. realtors are worth the money!” The reason she gave me was on account of all the real estate nightmares when sellers and buyers try to do it on their own that she heard firsthand and recorded in court.

I can’t help but feel that the Competition bureau has no concept or understanding for the true value of the full services that Realtors provide.On account of that they want to water down those services which will be detrimental to the public and will end up in lawsuits too numerous for the courts to handle.

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