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SD Realtor.
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April 4, 2011 at 7:48 PM #684227April 4, 2011 at 8:35 PM #683413
moneymaker
ParticipantJust to clear the air, I have no idea if any of these properties are listed on the MLS or not as I’m not a realtor. One of the houses,which I would buy if I didn’t already have a home, Ive seen the sign disappear for a few days and I figured it finally sold since it was on the market so long, then low and behold another realtor sign pops up, once again with no listing. I just think it is strange!
April 4, 2011 at 8:35 PM #684095moneymaker
ParticipantJust to clear the air, I have no idea if any of these properties are listed on the MLS or not as I’m not a realtor. One of the houses,which I would buy if I didn’t already have a home, Ive seen the sign disappear for a few days and I figured it finally sold since it was on the market so long, then low and behold another realtor sign pops up, once again with no listing. I just think it is strange!
April 4, 2011 at 8:35 PM #684590moneymaker
ParticipantJust to clear the air, I have no idea if any of these properties are listed on the MLS or not as I’m not a realtor. One of the houses,which I would buy if I didn’t already have a home, Ive seen the sign disappear for a few days and I figured it finally sold since it was on the market so long, then low and behold another realtor sign pops up, once again with no listing. I just think it is strange!
April 4, 2011 at 8:35 PM #684234moneymaker
ParticipantJust to clear the air, I have no idea if any of these properties are listed on the MLS or not as I’m not a realtor. One of the houses,which I would buy if I didn’t already have a home, Ive seen the sign disappear for a few days and I figured it finally sold since it was on the market so long, then low and behold another realtor sign pops up, once again with no listing. I just think it is strange!
April 4, 2011 at 8:35 PM #683465moneymaker
ParticipantJust to clear the air, I have no idea if any of these properties are listed on the MLS or not as I’m not a realtor. One of the houses,which I would buy if I didn’t already have a home, Ive seen the sign disappear for a few days and I figured it finally sold since it was on the market so long, then low and behold another realtor sign pops up, once again with no listing. I just think it is strange!
April 4, 2011 at 8:36 PM #683470njtosd
Participant[quote=SD Realtor]Yes the agent does have a fiduciary obligation however that agent does work for and is employed by the seller. The obligation implies that the agent shall advise the seller, however the agent cannot make decisions that are against the wishes of the seller. I think your assumption about the agents ignoring the rules is incorrect.
[/quote]
Not sure whether you are replying to me or XBoxBoy. Just to reiterate what I said in an earlier post “my understanding was that once a house was listed with a realtor, the realtor was required (either by listing agreement, ethical rules or something else) to get it up on the MLS as quickly as possible (assuming that the seller wanted it done that way).” So I don’t think that you and I have any disagreement on that point.
Xboxboy expressed his view that sellers’ agents sometimes diverge from the what is required, and I agreed. I don’t think that’s an unreasonable position – I haven’t found a profession yet that doesn’t have it’s bad apples.
Finally – the fiduciary duty requires an agent (whether real estate or otherwise) to act as instructed by the principle – that is the duty of obedience. The two can agree on whether the agent has a broad or narrow scope of discretion – but the agent’s duty is to carry out the wishes of the principle, or withdraw from the representation.
April 4, 2011 at 8:36 PM #684595njtosd
Participant[quote=SD Realtor]Yes the agent does have a fiduciary obligation however that agent does work for and is employed by the seller. The obligation implies that the agent shall advise the seller, however the agent cannot make decisions that are against the wishes of the seller. I think your assumption about the agents ignoring the rules is incorrect.
[/quote]
Not sure whether you are replying to me or XBoxBoy. Just to reiterate what I said in an earlier post “my understanding was that once a house was listed with a realtor, the realtor was required (either by listing agreement, ethical rules or something else) to get it up on the MLS as quickly as possible (assuming that the seller wanted it done that way).” So I don’t think that you and I have any disagreement on that point.
Xboxboy expressed his view that sellers’ agents sometimes diverge from the what is required, and I agreed. I don’t think that’s an unreasonable position – I haven’t found a profession yet that doesn’t have it’s bad apples.
Finally – the fiduciary duty requires an agent (whether real estate or otherwise) to act as instructed by the principle – that is the duty of obedience. The two can agree on whether the agent has a broad or narrow scope of discretion – but the agent’s duty is to carry out the wishes of the principle, or withdraw from the representation.
April 4, 2011 at 8:36 PM #684239njtosd
Participant[quote=SD Realtor]Yes the agent does have a fiduciary obligation however that agent does work for and is employed by the seller. The obligation implies that the agent shall advise the seller, however the agent cannot make decisions that are against the wishes of the seller. I think your assumption about the agents ignoring the rules is incorrect.
[/quote]
Not sure whether you are replying to me or XBoxBoy. Just to reiterate what I said in an earlier post “my understanding was that once a house was listed with a realtor, the realtor was required (either by listing agreement, ethical rules or something else) to get it up on the MLS as quickly as possible (assuming that the seller wanted it done that way).” So I don’t think that you and I have any disagreement on that point.
Xboxboy expressed his view that sellers’ agents sometimes diverge from the what is required, and I agreed. I don’t think that’s an unreasonable position – I haven’t found a profession yet that doesn’t have it’s bad apples.
Finally – the fiduciary duty requires an agent (whether real estate or otherwise) to act as instructed by the principle – that is the duty of obedience. The two can agree on whether the agent has a broad or narrow scope of discretion – but the agent’s duty is to carry out the wishes of the principle, or withdraw from the representation.
April 4, 2011 at 8:36 PM #684100njtosd
Participant[quote=SD Realtor]Yes the agent does have a fiduciary obligation however that agent does work for and is employed by the seller. The obligation implies that the agent shall advise the seller, however the agent cannot make decisions that are against the wishes of the seller. I think your assumption about the agents ignoring the rules is incorrect.
[/quote]
Not sure whether you are replying to me or XBoxBoy. Just to reiterate what I said in an earlier post “my understanding was that once a house was listed with a realtor, the realtor was required (either by listing agreement, ethical rules or something else) to get it up on the MLS as quickly as possible (assuming that the seller wanted it done that way).” So I don’t think that you and I have any disagreement on that point.
Xboxboy expressed his view that sellers’ agents sometimes diverge from the what is required, and I agreed. I don’t think that’s an unreasonable position – I haven’t found a profession yet that doesn’t have it’s bad apples.
Finally – the fiduciary duty requires an agent (whether real estate or otherwise) to act as instructed by the principle – that is the duty of obedience. The two can agree on whether the agent has a broad or narrow scope of discretion – but the agent’s duty is to carry out the wishes of the principle, or withdraw from the representation.
April 4, 2011 at 8:36 PM #683418njtosd
Participant[quote=SD Realtor]Yes the agent does have a fiduciary obligation however that agent does work for and is employed by the seller. The obligation implies that the agent shall advise the seller, however the agent cannot make decisions that are against the wishes of the seller. I think your assumption about the agents ignoring the rules is incorrect.
[/quote]
Not sure whether you are replying to me or XBoxBoy. Just to reiterate what I said in an earlier post “my understanding was that once a house was listed with a realtor, the realtor was required (either by listing agreement, ethical rules or something else) to get it up on the MLS as quickly as possible (assuming that the seller wanted it done that way).” So I don’t think that you and I have any disagreement on that point.
Xboxboy expressed his view that sellers’ agents sometimes diverge from the what is required, and I agreed. I don’t think that’s an unreasonable position – I haven’t found a profession yet that doesn’t have it’s bad apples.
Finally – the fiduciary duty requires an agent (whether real estate or otherwise) to act as instructed by the principle – that is the duty of obedience. The two can agree on whether the agent has a broad or narrow scope of discretion – but the agent’s duty is to carry out the wishes of the principle, or withdraw from the representation.
April 4, 2011 at 10:13 PM #684260SD Realtor
Participantnj I was not addressing anyone in particular other then to say that the fiduciary obligation is secondary to direct instructions from the seller. I don’t share the opinions that listing agents purposely don’t list homes on the MLS in hopes of double ending deals. I feel that this is by far and away the exception to the norm. The risk of getting busted is quite substantial so for someone to imply that agents act in that manner is something I do not agree with at all. I do believe that the majority of homes not in active status have valid reasons and all it takes is a little legwork to find out why.
April 4, 2011 at 10:13 PM #684120SD Realtor
Participantnj I was not addressing anyone in particular other then to say that the fiduciary obligation is secondary to direct instructions from the seller. I don’t share the opinions that listing agents purposely don’t list homes on the MLS in hopes of double ending deals. I feel that this is by far and away the exception to the norm. The risk of getting busted is quite substantial so for someone to imply that agents act in that manner is something I do not agree with at all. I do believe that the majority of homes not in active status have valid reasons and all it takes is a little legwork to find out why.
April 4, 2011 at 10:13 PM #683438SD Realtor
Participantnj I was not addressing anyone in particular other then to say that the fiduciary obligation is secondary to direct instructions from the seller. I don’t share the opinions that listing agents purposely don’t list homes on the MLS in hopes of double ending deals. I feel that this is by far and away the exception to the norm. The risk of getting busted is quite substantial so for someone to imply that agents act in that manner is something I do not agree with at all. I do believe that the majority of homes not in active status have valid reasons and all it takes is a little legwork to find out why.
April 4, 2011 at 10:13 PM #683490SD Realtor
Participantnj I was not addressing anyone in particular other then to say that the fiduciary obligation is secondary to direct instructions from the seller. I don’t share the opinions that listing agents purposely don’t list homes on the MLS in hopes of double ending deals. I feel that this is by far and away the exception to the norm. The risk of getting busted is quite substantial so for someone to imply that agents act in that manner is something I do not agree with at all. I do believe that the majority of homes not in active status have valid reasons and all it takes is a little legwork to find out why.
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