Posts tagged "industry issues"

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 »

Hundreds Of Millions Pouring Into New Real Estate Business Models

Hundreds Of Millions Pouring Into New Real Estate Business Models
The smart money knows that the traditional real estate model is broken and dying. It was designed for a time when information about homes was hard to come by and everyone depended upon their local realtor who relied upon voluminous binders of listings. A dramatic change is long overdue. That’s why new real estate business... 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 »
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Apparent False Advertising In Real Estate: Redfin Sells Homes For $4300 More Than Other Brokerages

Apparent False Advertising In Real Estate: Redfin Sells Homes For $4300 More Than Other Brokerages
I’ve previously posted on the preposterous claims of some real estate agents that they sell homes for more money than other real estate agents. Usually the claim is made without substantiation but a while back I did find at least one example of a Chicago area agent that actually laid out the deceptive math used... Read more »

What Those Real Estate Brokerage Rankings Really Mean

What Those Real Estate Brokerage Rankings Really Mean
Late last week Dennis Rodkin ran a story on the 2015 sales performance and rankings of the top Chicago area real estate brokerages in Crain’s. Much ado was made about the fact that Berkshire Hathaway HomeServices KoenigRubloff Realty Group’s (yeah, that’s one company) sales volume dropped while all the other major area brokerages saw increases... Read more »

Guaranteed Sale Programs: Real Estate Agents That Buy Your Home If They Can't Sell It

Guaranteed Sale Programs: Real Estate Agents That Buy Your Home If They Can't Sell It
Several people have recently told me that there is an area realtor running radio commercials where she guarantees that she will sell your home or she will buy it from you. This was news to me only because I don’t listen to AM radio. What’s not news to me is the concept, which has actually... Read more »
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The Realtor Who Called Me About The Future Of The Real Estate Agent

The Realtor Who Called Me About The Future Of The Real Estate Agent
Last week I posted on what the future of the real estate agent looks like. In a nutshell: lower commissions, as it should be. Well, apparently one Portland realtor didn’t like my vision of the future because he called and left me a message letting me know what he thought of my post. I wish... Read more »

The Future Of The Real Estate Agent Can Be Seen In The Stock Brokerage Business

The Future Of The Real Estate Agent Can Be Seen In The Stock Brokerage Business
If you want some idea of what the future of the real estate agent looks like all you have to do is examine what has happened to the stock brokerage business over the last 35 years or so. It wasn’t that long ago that the “savvy” investor patted themselves on the back for having a... Read more »

Those Home Value Estimators Really Suck

Those Home Value Estimators Really Suck
It seems like everyone has them now – those automated home value estimators that can tell you exactly how much your home is worth in an instant without ever looking inside your home. Obviously, the condition of your home, your layout, room sizes, closets, gizmos, and the level of finishes simply don’t matter. All that... Read more »
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Are We Heading Towards Another Mortgage Crisis?

Are We Heading Towards Another Mortgage Crisis?
Tuesday night I saw the trailer for The Big Short, which is based upon the book about John Paulson who made close to $4 B on the mortgage crisis by buying insurance contracts on subprime mortgages. It looks like it’s going to be a great movie and I loved how they used Led Zeppelin’s When... Read more »