01-20-2009, 04:23 AM
Title policy isn't that hard to read.
I've found that in MANY of the commercial deals that I've bought and sold, the broker was useless. With one drive by of the property, I was able to know more about the property than the broker. This has also happened here in Hawaii. I'm still waiting for info from one broker about some land here, over 3 weeks to get the plat of the CPR.
Still, you make the argument that brokers know everything, yet there were all kinds of non-pro's becoming brokers in the past 5-7 years. Again, you make the point that you are better than them, but that just supports the argument that many are worth less (or worthless).
I've made many agents "good clients", when I needed to. But I've never felt their fee (sometimes $60-75k) was worth the few hours they put in. And furthermore, I've seen more mistakes made on deals because the brokers are confused, don't know the deal well, and don't have their motivations aligned with either the buyer or seller.
Again, before you beat your chest, I still think most people should use one, but brokers are not the savior of the world, as some may think they are.
The trend on the mainland is starting, that many are listing thru flat-fee services, and selling successfully. There are many other people out there, just as smart as the 6% brokers, who would like to make a living, and will do it for less.
I've found that in MANY of the commercial deals that I've bought and sold, the broker was useless. With one drive by of the property, I was able to know more about the property than the broker. This has also happened here in Hawaii. I'm still waiting for info from one broker about some land here, over 3 weeks to get the plat of the CPR.
Still, you make the argument that brokers know everything, yet there were all kinds of non-pro's becoming brokers in the past 5-7 years. Again, you make the point that you are better than them, but that just supports the argument that many are worth less (or worthless).
I've made many agents "good clients", when I needed to. But I've never felt their fee (sometimes $60-75k) was worth the few hours they put in. And furthermore, I've seen more mistakes made on deals because the brokers are confused, don't know the deal well, and don't have their motivations aligned with either the buyer or seller.
Again, before you beat your chest, I still think most people should use one, but brokers are not the savior of the world, as some may think they are.
The trend on the mainland is starting, that many are listing thru flat-fee services, and selling successfully. There are many other people out there, just as smart as the 6% brokers, who would like to make a living, and will do it for less.