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A recent Vermont Supreme Court decision reminds me, and should remind other real estate agents in Vermont, to make sure that I provide several inspector and contractor recommendations to my buyers and sellers, and to suggest to my buyers and sellers that they review the contractor terms of service. The case is Glassford v. The BrickKicker, and the Supreme Court found that the BrickKicker contract was an unconscionable contract because it limited damages to "actual damages, or equal to the inspection fee, whichever is less," in this case $285; but also required that the party seeking damages submit to binding arbitration and required the party to pay an initial arbitration fee of $1,350, with the possibility for additional arbitration fees. Clearly paying at least $1,350 to recoup no more than $285 is unreasonable, and the court found  the contract  substantially unconscionable. Additionally, the court found several elements of the contract that were procedurally unconscionable such as a signature line on the front of the contract so that customers could sign without actually reading it. Citing a NJ case, Herner v. HouseMaster of America, which found "unconscionable commercial practice and inherent conflict where record demonstrated that realtor referred buyers to home inspecting service that depended heavily on such referrals and thus had stong incentive to facitilate sales," the VT court found "limiting the liability to the inspection fee does not provide a realistic incentive to act diligently...particularly given the countervailing incentive to please the referring realtor by soft-pedaling the inspection and allowing the sale to go forward." The plaintiff's attorney in the  Herner v. HouseMaster took time to indicate the relationship between the agents' desire to see a deal go through, the correlation between the degree to which home inspector will "nitpick" at problems in a house and the referrals the home inspector receives from real estate agents. In fact HouseMaster of America did have a written policy to state both good and bad characteristics of a house for individual buyers but focus on problems for relocation companies. Like the court, I find it unpersuasive that a home inspector should spin a home inspection report more or less positively if the customer is an individual or a corporation. In neither the Vermont case nor the NJ case did the court find any fault in the real estate agent, but in both cases the courts suggested that the relationship between inspector and Realtor can be too cozy at time. Realtors need to provide good recommendations for good inspectors to their buyers and sellers while remaining divorced from the consequences of  the inspector's inspection reports. Realtors will rarely provide a single inspector recommendation but instead will provide buyers and sellers three or more recommendations. While there are many good inspectors, my website currently lists four (it was five) that I recommend. I have not, however, read the contracts of any of the inspectors I recommend, and it may be time to recommend that buyers review several contracts before agreeing to one of them. Learn more about home inspectors at the National Association of Home Inspectors and American Society of Home Inspectors.
 


RIP Champlain Bridge
Pike Porter (Castle Porter Real Estate)
I and several hundred other people almost watched the 80 year old Champlain Bridge explode into lake Champlain this morning. Just this past year the Champlain Bridge was added to the National Historic Registry as the first and great example of…
Grand Opening of Castle Porter Real Estate!
Pike Porter (Castle Porter Real Estate)
I'm very pleased to announce the establishment of Castle Porter Real Estate, a socially consious real estate company that strives to reduce costs to sellers, provide financial incentives to buyers, offer superior commissions to its agents, and…
Burlington Realtor Back to Work
Pike Porter (Castle Porter Real Estate)
I took a sabbatical for much of 2008 to pursue some art hobbies. The time was relaxing. As much as I love my job, it was a bit tough getting back into the swing of things. Since January 1st, I have one new listing and one pending contract, and three…
buyer psychology--counter intuitive research
Pike Porter (Castle Porter Real Estate)
These last few months I've read some interesting research summaries regarding buyer psychology. One little tidbit: In a market like we now have with an abundance of inventory and thus choices for the buyer--a buyer's market--buyers are actually more…
Diaries of an Intern
Pike Porter (Castle Porter Real Estate)
This week was an interesting week to say the least. I was forced outside my comfort zone in the tasks i was asked to perform. First i was asked to get the Grand Lists from the town of Shelburne, South Burlington and the state. I was kind of going in…
Diaries of an Intern
Pike Porter (Castle Porter Real Estate)
Since my last entry i have been primarily been focusing on the marketing aspect of real estate through the internet. I had no idea how much marketing came into play when trying to sell a house. Recentley me and Pike constructed a farming campaign to…
Women's Rape Crisis Center Pledge
Pike Porter (Castle Porter Real Estate)
Last year was a great year for me: over 4. 6 million in production, 19 homes closed, #8 agent in our company, number #4 in Chittenden County, a top Century 21 agent in Northern New England. Last year I also donated to about 1/2 dozen organizations,…
Its never dull for long
Pike Porter (Castle Porter Real Estate)
So this came through our company email today. I pity Pam: From: Mellen Mirisola [mailto:mellen@c21jack. com] Sent: Saturday, February 02, 2008 3:11 PM To: barmstrong@c21jack. com; lorawilson@c21jack. com Subject: Nut Case on the loose Hi, I had a 1 o&…
Diaries of an Intern
Pike Porter (Castle Porter Real Estate)
First i would like to introduce myself, my name is Andrew Deloria and i am a senior at St. Michael's College. I chose to intern at Century 21 Jack Associates because i have always been intrigued by the real estate industry, but most importantly…
 
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Pike Porter

Burlington, VT

More about me…

Castle Porter Real Estate

Address: 544 South Prospect Street, Burlington, VT, 05401

Office Phone: (802) 865-8090

Cell Phone: (802) 233-2600

Email Me

Thoughts, useful and otherwise, about Vermont, Burlington Vermont, and Chittenden County real estate, real estate agents, homes for sale, condos for sale, and Realtors.


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