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What I learned in Real Estate this week - 10/25/15

Real estate has enough complications between contract disputes, low-ball appraisals, restrictive lending standards, and emotional client reactions. As business professionals we shouldn't be making it even more difficult on each other. We're in the trenches together. Our responsibilities are to the public in which we serve and to that, we are charged with holding ourselves to the highest standards of best practices according to the by-laws that govern our industry. 
When we negotiate a successful listing agreement the terms and conditions agreed upon are spelled out in the listing contract between the seller and their agent representative. I took on a listing a few weeks ago from a seller who was not willing to pay a full 3% buyer broker commission. He purchased his home at the height of the real estate market and is still slightly underwater in his home value as compared to what is owned on the property.
He has been using the home as a rental property ever since the economic recession in hopes that the value would increase to the point of him being neutral but that time has not yet come and he simply wants to be done with this failed investment. He estimates that even at the current list price ... more

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