responsibility: Protecting Consumers Shouldn't Take an Act of Congress
- 02/14/07 10:44 AM
As responsible Realtors, we know the value of providing ethical service to our clients. Satisfied clients translate directly to your long-term economic prosperity. They bring you repeat business and referrals, often the life-blood of a Realtor's business. Responsible loan officers know the value of quality service, as well. A problem does exist though, because a small number of Realtors, Loan Officers and Lenders that choose to focus on short term rewards, rather than long-term prosperity. Some deals get written based not on the best option for the client, but which option puts the most commission in the pocket of the person supposedly representing … (21 comments)
responsibility: Sitting another Agent's Open House -- Professional Courtesy
- 10/11/06 04:24 AM
by Rich Schiffer, Weichert Realtors It is a common practice in our company to hold as many open houses as possible. Our statistics show that 30% of open houses lead to a sale. Obviously, if an agent has multiple properties listed, it necessitates having another agent host the open house. Here are what I consider the proper guidelines to follow when doing this: Listing Agent: Provide the sitting agent with pertainent background on the property (including a copy of the seller's disclosure). This enables the sitting agent to answer many of the questions that may be asked by guests at the open house. Make sure they … (15 comments)
responsibility: Why I Don't Practice Dual Agency
- 10/05/06 02:24 PM
by Rich Schiffer, Weichert Realtors I have a personal policy of never representing both sides of the same transaction. I do not practice dual agency. Definition: (per Pennsylvania Association of Realtors' Glossary of Real Estate Terms) Dual Agency: A business relationship where the licensee, with written agreement from both parties, works for both the seller and the buyer in the same transaction. Dual agency will limit some of the duties owed to both parties. Dual agents cannot take any action that is adverse or detrimental to either the buyer or the seller in the transaction. For more details, see the explanation given in … (34 comments)
I will be posting information intended to be helpful for home buyers, sellers, and investors.
I will also post articles intended to be of benefit for other Real Estate Professionals.
I will try to avoid articles on religion or politics, unless it has direct bearing on Real Estate matters, but I reserve the right to be thought-provoking, and even philosophical at times. (And even humorous, if I am feeling in the mood)
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As responsible Realtors, we know the value of providing ethical service to our clients. Satisfied clients translate directly to your long-term economic prosperity. They bring you repeat business and referrals, often the life-blood of a Realtor's business.
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