In my little area of Long Island, New York, we are finding ourselves, as real estate agents/Realtors, behind the times. I noticed it tonight, when reading some sort of blog about the Iphone, Trulia, Zillow- and all I could think was, "I hate my Iphone. It's too complicated. The internet and gadgets are way ahead of my thought process." To boot...it doesn't interest me, this gadget stuff.

To the extent that the MLSli was added three years ago on the North Fork of Long Island (I've been relocated here for seven), we're doing well. Really well. Some buyers can now enter our territory, see a house with a local agent, and expect a disclosure of agency that is of value. Sometimes, the buyer agency box is checked.

Those that don't provide agency disclosure when appropriate are dealing with more informed buyers. A very good thing.

Buyer agency has been accepted at several different local agencies. In hindsight, adding both the MLSLI (with the requisite play-fair-in-the-sandbox expectation) and acceptance by not enough...but JUST enough smart local real estate companies makes operating here good- a few agents can make a difference. An ethical bent is a good thing. A bit of fresh air for those seeking it.

It gets polluted, that air, when I drive by  MLSli listings, and see an "EXCLUSIVE" sign rider representing a property for sale- but a second later, the pollution has passed. Until the next one, different broker. It's more sad than abnoxious. Behind the times...

All I can think is, "Poor seller. Uninformed by their  real estate broker."

This is the same seller whose listing agent pays a Realtor bringing a buyer to forsake the buyer, but refuses, or makes smaller, the amount paid to a fiduciary of the buyer. Chicken.

Probably done because dual agency is the preferred method.

Baby steps. MLSIli, and the benefits now explained to seller who would have "gotten it" all along, had it been offered...Buyer agency available (albeit, sparingly) to balance out and ethically serve BOTH parties in a New York real estate transaction (providing both, in our state of NY, with separate and defined fiduciary- not to mention uncompromised buyers and sellers).

Which brings me back to the excitingly forward nature of a local real estate agent who has put together a focused tour of certain properties for the benefit of all local lookers and Realtors...all together, now...until I consider my buyer who, having been included because it might help them find a home, may turn to me when the bus pulls into the first property, and says, "What's that EXCLUSIVE thing on the sign mean?" as I suddenly notice that in addition to the sign, this is "one of those companies" that isn't offering compensation to a buyers agent...

Baby steps are fine, but sometimes I'd prefer a steel toed workboot.  

 
This post has been included in New York Information Suffolk County, NY Information Riverhead, NY Information
Post is included in group: ETHICS and the REALTOR
Post is included in group: I Love NY

14 Comments on North Fork, Long Island Homes for Sale. Exclusively, but...NOT.

AUG
26
2008
146,460 Points 10 Featured Posts Outside Blog

Hey Laurie,
Nice to see you,  I missed you !, I was away for some months, but I am back again, hm...  I was checking a few weeks ago the Android, I do not know, but It seems that at least in software it will be stronger than iphone, Have you read or heard about that new Iphone? Williams Johnson did a great article about this new phone, it will be released soon.

I do not know what to do, because I need a good phone now, and I was using a normal HTC from Tmobile, like the Wing one and it is so great to tranfer and syncronize data from Outlook to the phone.

Ray SAenz

 

12:40am • #1
462,332 Points 13 Featured Posts Localism Sponsor Outside Blog

Laurie - You touch on a subject which also irritates me.  This is also a practice in Northern Dutchess, it is down right misleading to a buyer.  I have been asked the same question what does that mean?  I have also lost sales because someone thought exclusive meant contacting just that agency.  Yes these are the very listings you see in the Multiple Listing, and somehow these agents always seem to sell their own listings.....did you detect a little ranting?  LOL

1:53am • #2
172,548 Points 10 Featured Posts Localism Sponsor Outside Blog

Sometimes "Exclusive" means Exclusive Agency or Exlusive Right.  That it is listed.  The implication or assumption is that Exclusive means only that agency.  A quirk in our definitions that even confuses agents.

 

4:41am • #3
139,606 Points 14 Featured Posts Localism Sponsor Outside Blog

Hi, Ray! I just don't like a phone with so many "gadgets". At ALL. I'd rather have a phone that I can easily figure out how to answer, and a laptop (what is the purpose of the internet when it looks to tiny to read, anyway)? Glad you're back!!

Jennifer, what's so sad is that there is a local agent who is putting together a very well thought out tour for buyers, and has worked hard at including all companies- makes me very optimisic about "things" going well out here. Until I get ready to sign up, and realize that there is a constant issue out here to overcome- fundamental problems that are COMPLETELY AVOIDABLE! Rant away...I'm the chorus, right behind you! PEOPLE DO ASK, and it's really annoying to have to explain it.

Miriam, Miriam, Miriam. Your valiant effort to provide a reason outside of  stupidity (I guess you covered that), or  underhandedness is noble. Funny, how this phenomenon is limited, on the North fork, to areas of cut-off. If the company is on the very east end of the island, the agents "don't get it". If they're 15 minutes (and a straight shot down main road) closer to Riverhead, the "get it", and don't use the riders. You would, however, likely be proud of my restraint- I have photos of a street with five homes for sale. ALL have the exclusive riders on them, but it was too difficult to blub out the name on the sign, so I didn't put it up...yet. Nice try, pal, but no cigar ;) I do, however, as always, appreciate that you commented!!!

7:57am • #4
571,062 Points 47 Featured Posts Outside Blog

Hi Laurie, it makes you wonder in this market or any market the reasons for limiting compensation issues.  I understand that dual agency or double dipping is the preferred way to go....but selling is the sellers preferred way to go....so passing up opportunities to sell just might get some legal attention...unwanted too!  We use a form here when,venturing into shark infested waters, to establish compensation before showing the property.  Nice post Laurie.

1:41pm • #5
457,000 Points 28 Featured Posts Localism Sponsor Outside Blog

Laurie, I am thoroughly confused.  MLSLI did not list the North Fork until 3 years ago?  WHAT?  It's a gorgeous area and one of the few places with beautiful areas of LAND left!  That would be my plan if I could, buy some land out there and build a little cottage later (I don't need or want a big house :)  As for the phone, I don't know about it and not sure I want to.  If it took my son3 days to figure it out, it would take me a year---by which time something NEWER will be out :)

1:48pm • #6
139,606 Points 14 Featured Posts Localism Sponsor Outside Blog

Gary, EVERYTHING makes me wonder in this market!

Carole, your area had it- they refused it out here until a few years ago...as for the phone, we have little reception, anyway, so it limits the opportunity to practice on it!

2:40pm • #7
AUG
27
2008
183,038 Points 11 Featured Posts Outside Blog

Hey Laurie...we still have a few dinosaures out here that use the "exclusive" label but most Buyers have figured it out. But as an organization we still haven't managed to educate the Buyers out there to seek their own representation and they keep getting sucked in. I love our new disclosures. When I go ovr them with a Buyer I see the light dawn and the sense of empowerment shows. I am very glad our Broker doesn't and won't practice dual agency...I'm not very good at wearing two hats!

As for technology....I just figured out how to put names and numbers into my phone!....I rest my case!

8:25pm • #8
AUG
28
2008
139,606 Points 14 Featured Posts Localism Sponsor Outside Blog

Joan, it sounds like you have a really good broker! You're so right- when buyers "get it", it's so much easier for them. Why we have to explain the "whys" of silly, self serving sign riders (like that?) is beyond me!

I am just a phone person who likes the phone to serve one purpose. Phone calls!

6:06am • #9
15 Featured Posts

Hi Laurie,

Wow - most of what you said went right over my head since I am a mere 'stager' and totally do not understand all the terminology of realtors....HOWEVER, I do know one thing, and that is that you (and Sean) are pro-active, progressive, completely knowledgeable, and think 'out of the box'.  You employ marketing skills that most realtors do not.  Buyers and sellers from the North Fork are very fortunate to have the dynamic team of Laurie and Sean at their service!

Hope all is going well for you both!

Val

9:30pm • #10
AUG
29
2008
111,626 Points 4 Featured Posts

Laurie,  The east end of LI has been an entity of its own for a long time and change happens slowly!!!  But just the fact that you are actually on mls is an accomplishment in itself.  I was in Moriches 4 years ago and now live in Florida.  We never quite knew how to deal with realtors on the east end so we just didn't!  Sad!!!

5:01am • #11
139,606 Points 14 Featured Posts Localism Sponsor Outside Blog

Sara. I'd heard that  frequently when I worked up island. Sad for sellers/buyers, isn't it? Thanks for the comment- I definitely find myself in a strange place, indeed.

HI, VAL!! We're more involved with buyers than sellers at the moment, but once things settle, will be back to listings and staging ideas. I remain a staunch staging supporter!

5:38am • #12

Hi Laurie, What these agents are doing sounds very intentionally misleading and it affects the seller the most. Sad. But lets keep educating the masses.

p.s. I'm a gadget man myself.

 

12:56pm • #13
139,606 Points 14 Featured Posts Localism Sponsor Outside Blog

Eugene, they SAY that it's to differentiate from an "open" listing. I have to wonder: differentiate for WHO? Either way, one side or the other is not "on the ball" (at the expense of confused buyers, and sellers who contain a hassle on their front lawn), imo! Thanks for the comment- good to hear from you!

4:13pm • #14

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

Laurie Mindnich North fork Long Island Real Estate

Southold, NY

More about me…

Laurie Mindnich at Options Realty

Address: 21 West 2nd St. Ste. 6, Riverhead, NY, 11901

Office Phone: (631) 727-2227

Cell Phone: (631) 765-6221

Email Me

All things North Fork, from local happenings to homes for sale- Riverhead, Baiting Hollow, Calverton, Jamesport, Laurel, Peconic, Mattituck, Cutchogue,Southold, Greenport, East Marion, Orient.


Links

Archives

RSS 2.0 Feed for this blog

Find NY real estate agents and Southold real estate on ActiveRain.