I recently listed a ahort sale and neither of the two offers received were properly written. Whether the agent thought I could receive lender approval in ten days (lol) or not understanding that distressed properties generally convey in as-is condition, I see rampant issues by both buyer's agents and listing agents who put sellers under contract to multiple buyers because they don't understand basic contract law or that lender approval is simply a contingency to a contract.
I am CDPE certified but have issues with the designation as an agent that has never closed a single distressed property can deem themselves and advertise themselves as an "expert". The Code of Ethics requires us to "paint a true picture in their advertising and in other public representations". How can a basic two day course accomplish this?
I personally feel that agents should have to take additional training prior to being able to list or sell a distressed property. Before you explode at me, think about the liability. Not only from an individual agent but that of the broker who's responsible for his agents actions. How many lawsuits will need to be filed by angry clients alledging misrepresentation or lack thereof by their agents?