01-20-2009, 03:35 AM
Dave I'm totally confused. I don't think brokers are to blame for the current situation but I don't hold them in especially high regard either. It's a service. But your posting makes it sound like when someone uses a broker they get title insurance included, and that is part of the 6%? Seems every place I bought and sold I paid for that.
I was comparing using a RE Lawyer to using an agent. Title policy is a negotiable item as to who pays. In Texas you have to have/be a lawyer to issue a Title policy. When a RE Attny gets envolved they usually do the title policy themselves. Honestly, how you regard realtors doesn't "mean that much to me" as long as you're honest about what we do.
And in the last paragraph, there's this fear that something will be missed on title if a broker is not used? I've sold a few with brokers and a few without, either way I can still get title insurance myself.
Yes you can get Ttitle Insurance yourself and I didn't mean to imply otherwise what I was inferring was that you couldn't translate that policy as well as me unless you're an attny.
Finally, I lost the point of defending brokers when you indicated how much extra you do for your clients (I'm sure you're as good as you say), doesn't that indicate that the majority do alot less than you?
My point was in response to the quote/post that I was responding to(the green print at the top of the page) It's hard to speak to other agents and their business practices. Remember I do a little bit different type of Real Estate
If I was advising my friends or family I would say a few have the ability to sell on their own, but the vast majority don't know enough and should use a professional.
Like I've said before You may do Ok with a couple of residential deals but if you really think you can do a better job than someone who has done hundreds of deals you're sorely mistaken.
EXample: A young friend of mine, Steve, worked with a fellow, through email. The Buyer was very specific about what school district he wanted. While he was in town Steve showed a number of properties. After looking most of a Saturday the client called Steve and told him he didn't want to work with hime and that he had found a house he liked that evening driving around by himself. Steve asked him where? The man replied in La Vantanna. Steve replied that that area doesn't go to the school district he had demanded. The Buyer replied "that's why I'm not using you anymore because in fact that area doea have the "option" to go to the schools i wanted, they just ahve to pay a set fee to get in the district". He went on to personally insult Steve about his abilities. Of course Steve was upset and tried to explain to him that the, arrangment of buying into the district was not and has not beed used for over ten years although it was a common ploy of homeowners in this particular subdivision to help sell their homes. That same neighboehood was in a lawsuite over a failed water district as well.
In October, shortly after the start of school, that very samy buyer put his new home on the market for the same price he paid, we think. Guess what, he couldn't get his kid in the school he wanted which means his kid is probably in private school and his home has been on the market, overpriced, now for over three months, in a very bad market. Was he all that smart for firing Steve? How much do you think he's going to loose before it's all over? Who can he sue for remedy? (and get anything)
In close I'm sorry if some of you guys have had a bad expereince with a few Realtors I'm sure there are some good and bad in whatever you do, as well. To prove how much I think a local realtor brings to the table I'd like to point out that I've had a RE license in CA (Brokers) and/or in Texas since 1982. I was an appraiser for a while etc etc.. and over a year ago I contacted Rabbi and told him that I would be using a local agent because I was smart enough to know that I wasn't as Hawaiian/local smart as a "good" agent. That in and of itself says that I practice what I preach. (It would be nice if Rabbi could confirm that conversation right about here). As for you Ric..I think you'll make some agent a very good client some day. [
]
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
I was comparing using a RE Lawyer to using an agent. Title policy is a negotiable item as to who pays. In Texas you have to have/be a lawyer to issue a Title policy. When a RE Attny gets envolved they usually do the title policy themselves. Honestly, how you regard realtors doesn't "mean that much to me" as long as you're honest about what we do.
And in the last paragraph, there's this fear that something will be missed on title if a broker is not used? I've sold a few with brokers and a few without, either way I can still get title insurance myself.
Yes you can get Ttitle Insurance yourself and I didn't mean to imply otherwise what I was inferring was that you couldn't translate that policy as well as me unless you're an attny.
Finally, I lost the point of defending brokers when you indicated how much extra you do for your clients (I'm sure you're as good as you say), doesn't that indicate that the majority do alot less than you?
My point was in response to the quote/post that I was responding to(the green print at the top of the page) It's hard to speak to other agents and their business practices. Remember I do a little bit different type of Real Estate
If I was advising my friends or family I would say a few have the ability to sell on their own, but the vast majority don't know enough and should use a professional.
Like I've said before You may do Ok with a couple of residential deals but if you really think you can do a better job than someone who has done hundreds of deals you're sorely mistaken.
EXample: A young friend of mine, Steve, worked with a fellow, through email. The Buyer was very specific about what school district he wanted. While he was in town Steve showed a number of properties. After looking most of a Saturday the client called Steve and told him he didn't want to work with hime and that he had found a house he liked that evening driving around by himself. Steve asked him where? The man replied in La Vantanna. Steve replied that that area doesn't go to the school district he had demanded. The Buyer replied "that's why I'm not using you anymore because in fact that area doea have the "option" to go to the schools i wanted, they just ahve to pay a set fee to get in the district". He went on to personally insult Steve about his abilities. Of course Steve was upset and tried to explain to him that the, arrangment of buying into the district was not and has not beed used for over ten years although it was a common ploy of homeowners in this particular subdivision to help sell their homes. That same neighboehood was in a lawsuite over a failed water district as well.
In October, shortly after the start of school, that very samy buyer put his new home on the market for the same price he paid, we think. Guess what, he couldn't get his kid in the school he wanted which means his kid is probably in private school and his home has been on the market, overpriced, now for over three months, in a very bad market. Was he all that smart for firing Steve? How much do you think he's going to loose before it's all over? Who can he sue for remedy? (and get anything)
In close I'm sorry if some of you guys have had a bad expereince with a few Realtors I'm sure there are some good and bad in whatever you do, as well. To prove how much I think a local realtor brings to the table I'd like to point out that I've had a RE license in CA (Brokers) and/or in Texas since 1982. I was an appraiser for a while etc etc.. and over a year ago I contacted Rabbi and told him that I would be using a local agent because I was smart enough to know that I wasn't as Hawaiian/local smart as a "good" agent. That in and of itself says that I practice what I preach. (It would be nice if Rabbi could confirm that conversation right about here). As for you Ric..I think you'll make some agent a very good client some day. [
] Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
Blessings,
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young
dave
"It doesn't mean that much to me.. to mean that much to you." Neil Young