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: Is Redfin Sucking and Blowing at the same time? ::

By
Real Estate Agent with RE/MAX Crosstown Realty Inc

 Regarding the 60 minutes episode:

It is nice to see the outpouring of passion from members of our Profession (and the public to a degree) stemming out of this. It has encouraged many to assess and evaluate the  Professional Real Estate sales profession and most have come away reassured that yes, there is true return value in what dedicated agents do for the public. There is also much room for educating the public to this fact and what we do that makes it fact.

At the end of the day you receive no more than what you are willing to invest in and a Realtor's  long term survival directly correlates to the level of service given to the client.

One of the points that puzzled me regarding sunday night's 60 minutes piece if the statement of person speaking is valid - The company represented in the piece claims to handle mortgages as well as  real estate transactions and if I heard right you are expected as one of their  purchasers to take their mortgage package if you buy a home through them. I am curious if anyone knows the rates and terms of their mortgages? Further to this are there not laws governing the lending industry that prohibit cash kick backs?

It is possible that while the client is fixated on what is going into one pocket the other three are being emptied. If someone can clear that up I can put this to bed and move on. 

gimmeshelter.ca BarrieRealEstateBlog.com HotBarrieListings.com BarrieHomeworth.com

 

Posted by

 Mike Montague

  

Barrie Power of Sale Listings

Barrie home values

 

 

Comments (4)

Paul Anyanwu
RE/MAX SOLUTIONS - West Orange, NJ
CRS, SFR, Broker-Salesperson, Sales West Orange,NJ
They are nothing but bunch of bad apples in our business, shame on them
May 14, 2007 02:37 PM
Mike Montague
RE/MAX Crosstown Realty Inc - Barrie, ON
"Who Moves You?"
Not bad apples Paul, just powdered simulated apple concentrate trying to pass for a Golden Delicious. A discerning public can taste the difference.
May 14, 2007 02:43 PM
Frank Harris
Keller Williams Realty Centre - Columbia, MD

The 60 minutes segment in my opinion was a bad piece. Frankly, I am not sure if the purpose of the segment was to rile the real estate industry or it the segment was a product or pure ignorance.

Anyway, I am going to see if I can find out the rates and terms of their typical conventional mortgage.

May 23, 2007 01:04 PM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
Mike- I have foound that most low fee companies have to have other services to offset the money they lose on the real estate side.. mortgage and escrow are some of them.. others demand you use all their related service companies...
May 24, 2007 05:15 AM