Posts tagged "real estate agents"

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 »

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 »

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 »
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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 »

Picking A Real Estate Agent Is Like Getting A Tattoo

One of the first blog posts I wrote was about how to choose a real estate agent. Half way down the page I write about avoiding some common pitfalls and the first one is friends or relatives in the business, which I was reminded of when I found this on Facebook this morning. And people... Read more »

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data

Homeowner Wealth Accumulation: Don't Let The NAR Fool You With Data
The National Association of Realtors is at it again, trying to convince everyone that buying a home is the key to riches. Their economist, Lawrence Yun, wrote an article that appeared in the October 14 issue of Forbes Magazine in which he makes the case that homeownership allows homeowners to accumulate an additional $190,000 in... Read more »
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The Real Reasons You Actually Need A Real Estate Agent To Buy A Home

The Real Reasons You Actually Need A Real Estate Agent To Buy A Home
I have conversations with current and past home buyers all the time during which they describe a desire to not use a real estate agent to help them buy their home. Frankly, their logic for not using a real estate agent is usually not very well thought out and the reason they’re talking to me... Read more »

Why Real Estate Commissions Are So High: The Cost Of Friendship

Why Real Estate Commissions Are So High: The Cost Of Friendship
I was talking to Harry (not his real name) the other day. Harry is buying a house in Chicago and as part of his agreement with us he is going to be pocketing a real estate commission rebate of around $26,000 at closing. That money is coming from our commission but don’t feel sorry for... Read more »

Pilsen Real Estate Investment Properties - Sellers Beware

Pilsen Real Estate Investment Properties - Sellers Beware
Apparently sellers of Pilsen real estate investment properties have no idea what real estate agents are doing to them – or in the case of banks selling their repossessed buildings maybe they don’t care. We show (or try to show) a lot of investment properties in Pilsen for our investor clients and we’ve seen it... Read more »
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Pocket Listings: The Tighter The Real Estate Market, The Worse The Idea

Pocket Listings: The Tighter The Real Estate Market, The Worse The Idea
Back in January I posted on Pocket Listings: The Growing Fad To Sell Homes “Not On The MLS” and how it’s a really bad idea for sellers and really isn’t very good for buyers either. In a nutshell, why would you offer a home for sale to a limited pool of buyers and run a... Read more »