The  MERS mess. What does it mean when you are representing a client?

 

  This is an issue that’s going to stretch across every market. As recently as this morning I had a transaction pulled because of this issue. I’m involved with another situation with a delightful client and in speaking to the Listing Agent this morning and when I asked that question he tried to duck but he had to check for me. Listing Agents should disclose that information BEFORE an offer is presented to them. I’ve been in contact with the title company I use to help me through this mess.

 I can see clients suing their Buyers Agent because they spent their hard earned money and in the end they will not be able to close the deal. Just when you thought it would be easier out here another issue arises. I spoke with a fellow agent in a different county and he told me they pulled 3 pending transactions of his. Those commissions could have been accounted for his business or personal life but for now they are gone. Remember in the course of your day setting up showings this question MUST be on your list. It could save you lots of headaches and lost commissions.

 

 

 

 

Robert L. Brown
Associate Broker
Bellabay Realty
Primary: 616 528 0736
Office: 616 871 1309
brownsellsgr@gmail.com
www.mrbrownsellsgr.com
www.bellabayrealty.com
WHAT CAN MR BROWN DO FOR YOU  !!!! 
 
 
 
 
            Facebook    LinkedIn    Google ME   Twitter 
 
 
 
 
 
 
 
 
 
 

 

 
 
Post is included in group: Agent Dad
Post is included in group: ChristianRealEstateAgents
Post is included in group: Cosmic Cow Pie...The Rome Way
Post is included in group: Greater GRAND RAPIDS, MI Real Estate
Post is included in group: Real Estate Professionals

3 Comments on The MERS mess. What does it mean when you are representing a client?

MAY
16
2011
242,684 Points 2 Featured Posts Outside Blog Attended Rain Camp

My MLS board is having a MERS class soon, and I will be attending. I don't understand it, and I have only been in short sale transactions where Attorney were handling it. I hope that is covering me for now.
10:02am • #1
462,662 Points 2 Featured Posts Outside Blog

Another question to ask when showing property. We're having one as well.
11:14am • #2
MAY
23
2011
492,317 Points 10 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

It is imperative that Realtors get educated on MERS.  The little I know about it  has caused me concern.  Thanks for sharing Robert
10:31pm • #3


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Rainmaker_large

Robert L. Brown~Grand Rapids Real Estate Bellabay Realty, West Michigan

Grand Rapids, MI

More about me…

www.mrbrownsellsgr.com

Address: 1685 68th ST SE, Caledonia, Mi, 49316

Office Phone: (616) 871-1309

Cell Phone: (616) 528-0736

Email Me

<!-- Start of StatCounter Code --> var sc_project=3430761; var sc_invisible=1; var sc_partition=38; var sc_security="cd192934"; <!-- End of StatCounter Code -->


Listings

Links

Archives

RSS 2.0 Feed for this blog