If the plethora of real estate reality shows on television has taught the consuming public anything, it’s the fact that television producers do not understand either the local nature of real estate markets in general or the real estate profession as a whole.
Real estate markets not only vary from state to state, county to county, city to city but also from one neighborhood to the next.
Real estate laws, rules and regulations also vary from one jurisdiction to the next, and there is no NATIONAL real estate governance other than broad laws that include Fair Housing, mandatory disclosures, RESPA, and federally regulated mortgages and other issues of federal significance.
In addition local customs vary from place to place. For example, here in Newnan Georgia it is customary for a seller to contribute towards a buyer’s closing costs.
So when a real estate reality show depicts a transaction in one area, for the rest of us it isn’t very real at all.
And in many cases, it is a disservice to those that may attribute a lot more credibility to these shows than they should.