I know times are tough for many a Realtor out there in real estate land. We are tempted to work outside our areas of expertise because we really NEED a transaction to close! But as the old guru once said, "Always want a deal but don't NEED a deal!" I see way too many Realtors working either out of their area or out of their area of expertise as they desperately need a deal! I hear it all the time and the excuses range from, "They are one of my best clients and absolutely won't work with anyone but me!", to, "It's my cousin, she only works with family!".
I see folks coming up to my area who cannot acess the MLS, can't get into the home as they don't have a suitable MLS keypad but insist they can perform and REPRESENT their client with the highest form of standard of care. I don't belive it! My market is dominate currently by the REO/Short-Sale with homes under $500,000 generating multiple offers and overbids. I see Realtor/Agents coming into my marketplace askng for a combinatin code to get into an REO I have for sale (we don't give these out as this compromies the security of our MLS and is strictly for Vendor/appraisal work), or insist I SHOW their clients a property! They then send me an offer, NOT TO THE GUIDELINES specified in the MLS confidential remarks (because they've never seen them!), based on NO local knowledge or market conditions because THEY NEED A DEAL!!
What of our client's needs? Does their buyer deserve this treatment? They are NOT alerted to the hot new listings, are fumbling around in the dark relying on a relative or Realtor/agent NOT keeping their interests in mind and at the fore of the transaction. So why not refer and get a 25% fee for insisting their clients work with a local expert! I have had Realtor's/Agents I've networked with for years call me out of the blue to have me "show" their client a property, ask me for "comps" and what price they should structure the offer!!
When our prices went through the roof across the Bay Area we had this happen all the time as Realtor/Agents felt why refer when I can get half!! Now with prices tanking the agents are repeating this because they are NOT closing any deals in THEIR market area!! I know I'm venting but this lack of standard of care infuriates me!! Your thoughts?