In the industry we all know and love the standard operating proceedure has been write and offer and get a counter offer in the time frames the contracts specify. What is happening with the REO and SHORT SALE listings is that the Agents Representing these entities are not playing by the rules! The rules of Contract Law! I am seeing time lines stretching out weeks until the REO agent gets their offer in place only to double end the deal, I am seeing Short Sales go on for years with the Banks getting our money but not hiring enough competent people to get the job done! This market has been infuriating to say the least and unless we POLICE ourselves we are in big trouble. I ran a list of HOLD DO NOT SHOW for my county and came up with 12,000 plus listings in that satus which shows the level of deception and uneducation that these Listing Agents have, I encourage all professional agents that want a job when this all is said and done to actively pursue the Rights and Duties you have as a REALTOR to educate and or Report to the Board in Grievances these Agents that are destroying the business! We are letting this happen and We are RESPONSIBLE!!!
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