Posts tagged "industry issues"

Procuring Cause: How You Can Get Stuck With A Real Estate Agent

Procuring Cause: How You Can Get Stuck With A Real Estate Agent
The notion of procuring cause may seem like an arcane realtor concept that home buyers and sellers don’t need to worry about. The concept was defined as a way for Realtors to stake their claim on the all-valuable client. However, it turns out that consumers can actually get burned by it if they don’t understand... Read more »

Perception Of Real Estate Agent Integrity Improving But Still Low

Perception Of Real Estate Agent Integrity Improving But Still Low
If you are looking to buy or sell a home, which is easily a $200,000 or higher transaction, you would think that the integrity of who is helping you through the process would be of paramount concern. In fact, according to the National Association Of Realtors’ 2016 Profile Of Home Buyers And Sellers, 21% of... Read more »

How HomeLight Finds You The "Best" Real Estate Agent

How HomeLight Finds You The "Best" Real Estate Agent
Last week I posted on how HomeLight creates the illusion that they find consumers the “best” real estate agent. I went into their site as someone interested in selling their home and spoke with one of their representatives. It was clear that, at least from the consumer’s perspective, all they cared about was an agent’s... Read more »
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Can HomeLight Really Get You The Best Real Estate Agent?

Can HomeLight Really Get You The Best Real Estate Agent?
It’s been more than a year since I posted on the top 6 realtor review Web sites. At that time I promised to circle back and provide more information on HomeLight, a Web site which positions itself as being able to match you with the best realtor. I back-burnered this until I could do a... Read more »

How Zillow And Realtor.com Keep Real Estate Commissions High

How Zillow And Realtor.com Keep Real Estate Commissions High
If you’ve ever looked for a home online or just vicariously checked out what’s for sale chances are that you’ve used Zillow (Zillow also owns Trulia) or Realtor.com. These Web sites have made MLS listings directly available to the masses and they’ve added various information resources to keep you engaged on their Web sites. It’s... Read more »

What Real Estate Agents Think Of Commission Rebates

What Real Estate Agents Think Of Commission Rebates
Not that long ago I wrote about how real estate commission rebates were apparently one of the best kept secrets in real estate. I’m not entirely clear on why more home buyers are not aware of this incentive that can put thousands, if not tens of thousands, of dollars in their pockets but more and... Read more »
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How Much For Sale By Owner Really Saves/ Costs You

How Much For Sale By Owner Really Saves/ Costs You
For years realtors have been making preposterous claims about the exorbitant losses that will surely be incurred by homeowners that decide to sell their homes For Sale By Owner. The most recent post to this effect that I easily found was this November 9, 2015 blog post on the National Association of Realtors Web site:... Read more »

Realtor Support For National Flood Insurance Program May Be Misguided

Realtor Support For National Flood Insurance Program May Be Misguided
Recently the Illinois Association of Realtors sent out a Call For Action in an effort to gain support for reforming the National Flood Insurance Program. The National or Illinois associations periodically send out these Call For Actions regarding some political initiative for which they want realtors to contact their representatives for support. Often these initiatives... Read more »

Just How Accurate Is Zillow's Zestimate?

Just How Accurate Is Zillow's Zestimate?
I think I already made it clear that I’m no fan of automated home valuation models and Zillow’s Zestimate in particular. Apparently quite a few other people aren’t either. Just last week I posted an article on how some Chicago area builders and their attorney (also a home seller that feels burned by her Zestimate)... Read more »
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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 »