Tag: industry issues

More Reasons Why Real Estate Commissions Are So High

More Reasons Why Real Estate Commissions Are So High
I’ve written on numerous occasions about why real estate commissions are so high, covering a wide range of reasons like wasted time, the cost of friendships, and lead acquisition cost – none of which have anything at all to do with the value of the service provided. Recently I ran across a special report from... Read more »

Don't Put Too Much Faith In That Real Estate Appraisal

Don't Put Too Much Faith In That Real Estate Appraisal
3 1/2 years ago I wrote a blog post about some of our worst experiences with real estate appraisals and some of the systematic problems with that entire process. Needless to say that post was not well received by many real estate appraisers out there. Not surprisingly, they wouldn’t really admit to any problems in... Read more »

Realtor Logo Redesign Fail Makes Entertaining News

Realtor Logo Redesign Fail Makes Entertaining News
I’m sure that all of you spend your days pondering what exactly a realtor is and that you have a highly emotional attachment to the current realtor logo. Well, for some reason the National Association of Realtors (NAR) decided that the 45 year old logo needed updating. Three days ago we received an email from... Read more »
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Real Estate Brokerages Act As If Size Matters

Real Estate Brokerages Act As If Size Matters
Two weeks ago Crain’s reported on a lawsuit brought against Baird & Warner by @Properties regarding B&W’s Chicago area home sale volume during 2017. According to the article B&W claimed to have done $8.8 B in business last year but @Properties claims that the real number is closer to $5.6B. @Properties is asking “a judge... Read more »

How To Avoid A Procuring Cause Issue

How To Avoid A Procuring Cause Issue
Several weeks ago I posted on the arcane real estate concept of procuring cause and how it can burn unsuspecting home buyers that fall into its many traps: Procuring Cause: How You Can Get Stuck With A Real Estate Agent. If you are not familiar with the issue and its implications you need to go... Read more »

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 »
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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 »

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 »
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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 »