My husband called me this morning after we both heard the bleak news regarding the economy. Times may be getting tough for agents (as if they already are not for most of us).
The news of the economy brought a spotlight to a legal case against a California agent. Jump in with more details if you have them please. This agent is being sued for not disclosing cheaper properties to a buyer that he or she represented. The reason he did not show the properties that fit the bill was due to commission. When asked by the buyers why they were pushed into this property (that they of course did buy and only found out about cheaper homes after the fact) the agent states simply because it was the highest paying commission.
I was truly appalled by this yet I have heard the water cooler talk many, MANY times. Why should we show that when the commission is less the X amount??? Please agents, are you buying the house or is your client? This is why we are constantly compared to a sleezy sales man. We get the reputation we earn people.
I hope this individual in California losses their right to practice real estate. I guess the lack of conscious they displayed can hopefully be the karma needed in this situation. After all the agent is not the one stuck with a higher mortgage yet he did get higher pay.
Let this be a lesson to one and all. We are being watched carefully as the economy takes the spotlight and rightfully so. Show all the homes that pertain to your buyers search criteria. In the long run the pay off is doing the right thing.
Have a great day.
Christina Stevens
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