Posts tagged "industry issues"

Penn And Teller Episode Explains Why Real Estate Commissions So High

Penn And Teller Episode Explains Why Real Estate Commissions So High
I’m always baffled that in this day and age most people are still paying such high real estate commissions to traditional real estate agents to sell their places – especially at the high end – or passing up the opportunity to get a commission rebate from their real estate agents. But maybe it’s still the... Read more »

How Real Estate Agents (Try To) Convince You That They Are Neighborhood Experts

How Real Estate Agents (Try To) Convince You That They Are Neighborhood Experts
Last week I posted on the #2 Myth About Selling Your Home – the silly idea that you need a real estate agent that is the neighborhood (or building in the case of a high rise) expert to get the highest price for your home. But I saved until today the whole topic of how... Read more »

The #2 Myth About Selling Your Home

The #2 Myth About Selling Your Home
It’s been 3 years since I posted about the #1 Myth About Selling Your Home. Time flies. I shouldn’t have waited so long to get around to the #2 myth, which is that you need a “neighborhood expert” to sell your home. On the surface it sounds like an obvious requirement, right? Kind of like... Read more »
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Why Median Chicago Home Prices Tell You Very Little About Home Prices

Why Median Chicago Home Prices Tell You Very Little About Home Prices
The media and real estate agents throw around Chicago median home prices like everyone is supposed to know what they mean but then they show their own ignorance when they imply that these median home prices somehow tell us all what is happening to the overall level of Chicago home prices. It would be really... Read more »

Beware Of These 4 BS Statistics When Choosing A Realtor To Sell Your Home

Beware Of These 4 BS Statistics When Choosing A Realtor To Sell Your Home
I’m supposed to write a follow up to my post on appealing your Cook County property taxes but then an email hit my inbox from Trulia entitled 4 Statistics that Win Listings and it got me all riled up. It’s supposed to be advice from Trulia (whose real customers are real estate agents but that’s... Read more »

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits
About a month ago I wrote a post about how the National Association of Realtors (NAR) throws around their considerable lobbying weight to preserve the various housing market subsidies bestowed by the government. I specifically wrote about the FHA loan limits and the Homeowner Flood Insurance Act. However, there is another issue lurking around out... Read more »
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Realtors Just Love Those Government Housing Market Subsidies

Realtors Just Love Those Government Housing Market Subsidies
I guess it’s just the American way. Always have your hand out for the next government subsidy and the politicians in Washington are always too willing to cooperate in response to powerful lobbying organizations. The National Association of Realtors (NAR) is no exception when it comes to begging for government housing market subsidies. With around... Read more »

Realtor.com Terminates Real Estate Agent Ranking Pilot - AgentMatch

Realtor.com Terminates Real Estate Agent Ranking Pilot - AgentMatch
The folks at Realtor.com must have read my blog post AgentMatch: Realtor.com’s Misguided Use Of Statistics For Rating Real Estate Agents because they just terminated their pilot, admitting in an open letter from Realtor.com President Errol Samuelson that their attempt was “misguided”. The AgentMatch Web site now has an announcement of the termination and an explanation of... Read more »

Real Estate Agents Hate AgentMatch Idea Of Publishing Their Performance Statistics

Real Estate Agents Hate AgentMatch Idea Of Publishing Their Performance Statistics
A few days ago I posted on AgentMatch, the insidious Realtor.com plot to mislead consumers in their search for the perfect agent. As I indicated in that original post the reaction to the program has been quite negative. However, since then I stumbled upon an informal realtor survey, initiated by the moderators of the Raise The... Read more »
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AgentMatch: Realtor.com's Misguided Use Of Statistics For Rating Real Estate Agents

AgentMatch: Realtor.com's Misguided Use Of Statistics For Rating Real Estate Agents
Any long time reader of this blog will know that I absolutely love statistics. However, as I’ve often pointed out in the past, statistics can be seriously misused and the notion of producing real estate agent ratings from meaningless statistics would be a fairly misguided effort. But that is exactly what the National Association of... Read more »
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    Gary Lucido

    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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