What does Kiplinger know about real estate? Nothing.
After reading an article in Kiplinger titled "What you should know about hiring a real estate agent" I have come to the conclusion that the author probably never sold a damned thing in his or her life and has probably also been watching way to much reality television.
This link will take you to this ridiculous article. http://www.kiplinger.com/article/real-estate/T010-C000-S001-hire-a-pro.html
However, what bothered me in particular, and this goes for those who are also entertaining the thought of selling their home as well, is that this writer suggest writing in the following phrase into the listing contract;
Write a sentence into the listing contract that allows you to cancel the agreement if you aren't satisfied with the agent's performance.
How is this supposed to encourage the listing agent to hustle? This actually hurts both sides because it is by far way to open ended a phrase. This also gives the seller an out should a buyer come along and he decides he doesn't want to pay your commission. "I am not satisfied, you're fired!" Instead, the phrase should be much more detailed if you even want to include it in a contract, which I am not inclined to do.
How is this supposed to encourage the listing agent to hustle? This actually hurts both sides because it is by far way to open ended a phrase. This also gives the seller an out should a buyer come along and he decides he doesn't want to pay your commission. "I am not satisfied, you're fired!" Instead, the phrase should be much more detailed if you even want to include it in a contract, which I am not inclined to do.
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