Here in Shreveport and Bossier City, it is like 2005...everyone is all of a sudden a expert! I remember back to 2005 when everyone was an expert on the real estate market. It seemed like everyone either had a real estate license, previously had a real estate license or was getting a real estate license! Remember those days? I call that the Hay day of real estate in Shreveport. Homes were selling in one day for full price, FSBO's were just as successful as agents and support companies like mortgage, title and home inspection companies were opening up at an alarming rate!
Now that Chesapeake Energy has declared Shreveport and Bossier a hot spot for natural gas, named the "Haynesville Shale" we are beginning to see "experts" everywhere. Everyone seems to be land men these days, and those who do not want the title land man, they are starting companies that claim to help others get more money from the oil companies. My favorite hoax is struggling real estate agents claiming to be experts in leasing of sub-surface rights, AKA mineral rights. It has gotten so bad in Shreveport that even one agent has self published a book on how not to get ripped off on lease agreements, as if real estate agents have to graduate Law School these days or have any business giving legal advice.
Whatever happened to the day that we learned a trade, got really good at it and stuck it out during the good and bad. I have come to realize that some people are just attracted to being pretenders in an effort to take advantage of the general public ignorance. It makes sense on the surface that Real Estate agents would be experts in Oil and Gas leases...wouldn't it?
If you are reading this and you are in the business of Real Estate, let me encourage you to learn all you can about your trade and get real good at it. If you are the general public and looking for advice on leasing sub-surface rights, I suggest hiring a competent attorney and run from the fly by night experts that are asking you to give them money for information you can read in the local paper.
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