Posts in category "Real estate agents"

No Such Thing As A Standard Real Estate Commission In Chicago

No Such Thing As A Standard Real Estate Commission In Chicago
I was watching the April 12 episode of The Deed:Chicago (Analysis Paralysis) when I noticed the star of the show, who has been a Chicago real estate fixture for some time, make 3 references in the last 10 minutes of the show to a “standard real estate commission”. He should really know better than to... Read more »

The Investment Business Points To Future Of The Real Estate Industry

The Investment Business Points To Future Of The Real Estate Industry
A bit over a year ago I wrote about how the history of the stock brokerage business could provide a lot of insight into the future of the real estate industry. It turns out that there are other areas of the investment business that also provide insight to what is in store for real estate... Read more »

Pocket Listings: Walking A Fine Line With Selling Outside The MLS

Pocket Listings: Walking A Fine Line With Selling Outside The MLS
As long time readers of this blog well know I am no fan of pocket listings, which many realtors promote as a sexy insider buying opportunity. I don’t buy into any of the nonsensical arguments for pocket listings and I have frequently enumerated the problems with them. So we were recently faced with a challenge... Read more »
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Why Good Realtors Will Only Work With Buyers On An Exclusive Basis

Why Good Realtors Will Only Work With Buyers On An Exclusive Basis
This is one of those rare moments when I’m actually in agreement with the real estate industry zealots but I didn’t always see it this way. Before I became a realtor I felt like, as a home buyer, I should be able to work with multiple real estate agents and whoever found me the best... Read more »

Beware Of Top Producing Real Estate Agents Who Lie

Beware Of Top Producing Real Estate Agents Who Lie
I’ve actually written several blog posts in the past about how real estate agents use meaningless statistics and even false advertising to get your business. They do it because apparently people fall for it. It would appear that if you tell enough lies people will believe at least some of them and elect select you.... Read more »

Real Estate Myths & Lies: The Real Reason Brokerages Advertise

Real Estate Myths & Lies: The Real Reason Brokerages Advertise
You’ve seen the impressive real estate ads in the Chicago Tribune and in the Chicago Social/ Modern Luxury magazines showing numerouos homes for sale. The large brokerages will often take out full page ads. Sometimes the bottom of the ads will feature the photos of several real estate agents that hang their licenses (I love... Read more »
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Why I Don't Believe In 3D Virtual Real Estate Tours

Why I Don't Believe In 3D Virtual Real Estate Tours
I always told my kids to beware of the latest fads. Still don’t know how much of that advice stuck but, with the latest real estate fad, I have taken my own advice and I’m dispensing it to our home sellers as well. That latest fad is the 3D virtual real estate tour that allows... Read more »

Top 6 Realtor Review Web Sites To Use To Find A Realtor

Top 6 Realtor Review Web Sites To Use To Find A Realtor
It’s a well known fact that when home buyers and sellers are looking for a real estate agent they often turn to friends and family members for recommendations. Quite often they get one recommendation from one acquaintance and they’re good to go. But why on earth would you make a decision like this based upon... Read more »

Real Estate Agent Nonsense: Low Commissions Are Bad For Home Sellers

Real Estate Agent Nonsense: Low Commissions Are Bad For Home Sellers
A little over a month ago a Tampa, Florida real estate agent published a blog post wherein he “proved” that home sellers are better off paying a high commission to their real estate agent: How Commissions Effect [sic] Sales. About a week later the story was picked up by Inman, a real estate industry news... Read more »
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Real Estate Agents Who Claim To Sell Homes At Higher Prices: The Bogus Sale To List Ratio

Real Estate Agents Who Claim To Sell Homes At Higher Prices: The Bogus Sale To List Ratio
About a year ago I posted on some of the real estate agent false advertising in Chicago, including preposterous claims made that a particular realtor could sell homes for 10% more than other real estate agents. After that post I found two other examples of agents making similar claims. These are clearly ethical violations and... Read more »