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Blog entries tagged with "buyers agency":
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Have you ever encountered a hostile colleague or inconsideratel company representative who is prone to bullying? Have you ever had your earnest desire to protect and promote your client's interests be sabotaged by individuals with dubious intentions? 
So what do you guys think? Do you use them? Do you have one? If you have one, what do you have in it? Although I should say as a sales manager everyone should have a listing presentation, I can see both sides. There are some realtors who really don't need … (8 comments)
If you're a buyer in today's market, you are going to want representation. Representation means that you have your own agent, working for you. Everyone can get information about homes on the internet, that part of the business is transparent. What you need is to have someone who sells homes and … (0 comments)
The past few weeks have had me starting the week with Monday Mattoid Musings, but today felt compelled to share a story…
I wasn’t sure if to write on this or not, and if so, should it be another topic, but here it is anyway. I took a body shot yesterday … (3 comments)
Didn't your Mother tell you not to go out without protection?
When representation is at no cost to you, why would you look for a home in an unprotected (unrepresented) fashion? Did you forget?....Mother always knows best!
Visit us
www.themacarthurgroup.com
John MacArthur
Realtor / Buyer's Agent
Long and Foster … (7 comments)
I worked in new construction sales for more than 2 years before starting my career as a general brokerage agent. In my experience, approximately 75% of new home buyers bought their home directly from the builder, without Buyer Agent representaion. Why do you think this is? I think one of the main … (12 comments)
1. Naturally, I am an advocate for buyer's agency, but you'd be surprised how many buyers do not use a Realtor to represent them in a transaction. Because buyers have access to so many properties now, some feel that they can go into a deal without representation. They see a property-- and go … (0 comments)
"We just want to look at houses, but every agent we call wants us to sign a contract before we ever go out and look. We feel that the agent that finds the house we want should be the one that gets paid."
6 Common Mistakes Buyers Make - if you are considering a home purchase in the near future here are a few pointers for you...Buyers misinterpret the role of an agent -- Be sure you clearly understand the roles and duties of everyone involved in the transaction, especially who represents whom. Know … (5 comments)
Buyers, when looking for a home, which is easier? Jumping around from Realtor to Realtor for every house you see and keeping track of who you said what to and who showed you what. Or finding one agent and having him or her show you every home you want to see while … (0 comments)
The California Association of REALTORS standard forms agreement provides for exclusive representation when working with a buyer. It clearly identifies the scope of responsibility for the agent. When a buyer is looking to secure property in California, it is my firm belief that they should always opt for an exclusive arrangement … (54 comments)
A big thank you to Suzie Reinbold for informing us, and letting me share tis on active rain:Governor Signs Important REALTOR? legislation: Public Act 96 Provides Significant Tax Relief for Sellers;Agency Responsibility Act now Public Act 90 and 91Yesterday, Governor Granholm signed 3 significant pieces of REALTOR? supported legislation. First, legislation enabling home … (2 comments)
I had a caller today that wants to sell their home and doesnt have much time to act. They have a balloon payment due in May of $16,500 and they have no money. I was somewhat dismayed when I asked if they wanted to list their home with me, She said … (7 comments)
Dear Concord, New Hampshire Buyer, Educating Buyers on Agency, Explaining what they can expect from me - depending on the Relationship they choose - and working on and within that Relationship....is a major part of my job. It is arguably the most challenging part. Sadly (for us Realtors) in many cases we (myself included) neglect … (24 comments)
First time home buyers, looking for Fraser Valley real estate, should put their emotions aside and follow some basic guidelines.Investigate the Fraser Valley area you are interested inGet as much information as you can before buying and it does not take a lot of time to do your research. Investigate various … (1 comments)
As I finish up my day, I wanted to take a moment to address buyer's agency. On Long Island, it is not commonplace to represent a buyer. I don't know why, it just has not caught on here.....
I just read a blog called, "Remember When Your Buyer's Just Loved The Home That They Were Offering On?" where the author lamented on the fact that buyers don't seem as committed to the home buying process as they used to. That buyers now seemed more concerned with getting a "good … (11 comments)
In mortgage, working with buyers is not that different that being an agent. Most of my first time home buyers require a lot of a time and attention. And, frankly that is awesome! I love working with them. Some of the things that I use to review before going and showing a buyer client are … (0 comments)
Every-time I hold an Open House I am always amazed at those (seemingly serious) home buyers that are NOT working with an Agent. While this; as a REALTOR, is a wonderful thing; that is if I am able to gain some rapport and trust in the 5 minutes I talk with … (2 comments)
After reading a lot about short sales and those people that love or loathe them, one theme keeps coming up that makes me understand new topics for Continuing Education that would be exceedingly timely right now. So many Realtors show their clients short sale or bank owned properties just to see … (8 comments)
Do you really need a buyer's agent? Most people think that real estate agents just sell homes and they are pretty much the same all over. Right? Often the home-buying process begins with looking on the internet or cruising neighborhoods and looking at homes. When they stumble upon a home that … (1 comments)
I received an e-mail today that I expected, but still didn't like.About two months ago I started working with a buyer who was referred to me from a really good local loan officer. I was quite complimented by his trust and started to show properties to the client.The client was demanding … (89 comments)
This is the story of the rise and fall of a "New Model" in real estate, the story of Realty Place in Charlotte North Carolina, a buyer agency company that didn't have Buyer Agents. Built on sub-prime lending they had socalled Buyer Agents who became agents of the New Home sellers, marketing to … (0 comments)
Authored by: Options Realty September 12th, 2007 In response to consumers seeking up to the minute real estate market updates, Options Realty is now offering, at no charge to you, an additional program on our website. It’s called Market Snapshot. This report will be provided to anyone thinking of buying or … (0 comments)
In 1992, Michigan passed a law requiring licensed real estate agents to disclose to potential buyers what type of agency relationship they have with the buyer. If you are looking to purchase a home in Michigan, before you disclose confidential information to a real estate agent, you must be aware of … (3 comments)
No, I'm picking on anyone, just trying to make a point.Don't be a BUBBA - Buyer Unrepresented By A Buyer's AgentIt has been found that too many people make the biggest purchase of their life the same way they purchase a piece of meat, if it looks okay and seems to … (2 comments)
Recently, I met a fellow who thought that because I "worked for" John L. Scott that I was on a salary and my job was just to show homes even if he was not going to use me as his agent. After explaining too him about agency relationships, I think that … (1 comments)
A Buyers Agency Agreement is available for your protection and it is in your best interest to have someone represent you when purchasing real estateA buyers agent will expain agency to you and define the agency relationship in which is enteredA buyer's agent will provide you with client-level services, which include … (2 comments)
Yesterday I was on the lake at about 2pm I was finished showng properties early for a Saturday. My phone rings it was a young woman driving to view a property she found off of my IDX. She called me in front of the property to see if I could show … (0 comments)
A word of caution - sellers create ads solely to make the phone ring! Many homes have some drawback not mentioned in the ad, such as traffic noise, power lines, or litigation in the community. What's not mentioned in the ad is usually more important than what is. For this reason, … (2 comments)
This is a great time to buy real estate in the NorthwestArkansas. There are plenty of properties on the market , in every price range , to choose from. So give me a call and let me find the home you have been looking for. It is also still a good … (5 comments)
One of these days, I need to spend some time in an office meeting explaining how to comment on a blog. Even anonymously. Maybe then it wouldn’t seem like I’m in the midst of a one-man duel over the issue of commissions paid when an unrepresented buyer is involved. Here’s the … (3 comments)
A recent post over on the Inman blog, a question stoked some embers in my head:
If the DOJ wins and NAR is forced to retract policies, what is the likely chain of events to follow? Who wins and who loses?
Gregg Swan of BloodHound fame says:
If the DOJ … (0 comments)
One of the most confusing things for most people to understand is who exactly a real estate agent is working for when they are buying or selling a home. Each state has their own particular rules regarding real estate transactions. For instance, I am licensed in the states of Kansas and … (0 comments)
Anyone that has been around real estate through sub-agency, and the birth of buyers agents realize that things have done full circle. When buyers agency first came out it was almost an adversarial relationship between the buyer agent or buyer's representative and the listing agent. There was a definite line drawn … (21 comments)
This is a tale of three fully executed contracts with three home inspections before getting a contract closed.A home purchaser relocating here from South Carolina found a home she loved. After the home inspection, repair bid proposal and agreed repairs, the purchaser was excited and ready to close. However, suddenly, the … (3 comments)
One very common mistake made by home buyers is finding their agent by making sign calls. The sign in front of a listing has the name and number of the Listing Agent. These agents are under a contractual obligation to serve the interests of the Seller.Calling them puts you about twenty … (0 comments)