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Participant[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.
When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.
Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.
BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]
How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.
Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.
Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.
Participant[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.
When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.
Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.
BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]
How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.
Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.
Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.
Participant[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.
When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.
Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.
BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]
How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.
Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.
Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.
Participant[quote=sdrealtor]captcha
Those are some valid examples and for everyone you have I have 3 that go the other way. A bad agent on either side can damage. The goal is not to get any buyers agent it is to get a very good one.BTW, I rarely respond to calls that come directly from buyers on my listings and usually tell them to go find their own agent. My job is to represent the seller on my listings. When I get a call from an unrepresented buyer, I know nothing about them. My experience has been that they are some lunatic that will grind me for the other side of the commission anyway, that they will be a royal pain in the ass ant that they will usually show no loyalty and will rarely close escrow.
When I represent a buyer, I spend hours and days communicating with them to know what their needs are. We spend many hours looking at properties and I get a good idea of whom I am dealing with. I would rather work with a buyer represented by another good agent who has been through the same vetting process than some lunatic who finds the listing on sdlookup that i know will ultimately be a waste of mine and more importantly potentially damage my client.
Over more transactions that I can count, I think that I may have had both sides of a transaction only once maybe twice. The only one I can remember wa when the brother of a tenant bought a property for his disabled brother so he wouldnt be relocated after it got sold. It was a short sale and the bank countered higher than it was worth, I told the buyer that but he still bought it because the PITI+HOA was $300 lower than the rent they were paying.
BTW, aimloan.com is not the end all be all lender. teh only reason I know of them is because several folks on this site have mentioned them. I know many that are just as good if not better with more personal service.[/quote]
How do you know the sdlookup person with no representation is a lunatic who would waste your time? I would expect that person to be more knowledgeable than an average buyer.
Anyway, I was not looking in your area, so I assume I never dealt with you. The listing agents I dealt with were not like you.
Aimloan.com was an example. I would settle for any upfront mortgage broker/lender, even amerisave.com. No, they all had their buddies who would quote ridiculous fees/points. Like $15K in fees more than what I was getting online for traditional conforming.
Participant[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.
Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.
[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]Did you read my post? I did receive concrete added value, I got my offer accepted.
[quote=bearishgurl]
captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)Participant[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.
Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.
[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]Did you read my post? I did receive concrete added value, I got my offer accepted.
[quote=bearishgurl]
captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)Participant[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.
Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.
[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]Did you read my post? I did receive concrete added value, I got my offer accepted.
[quote=bearishgurl]
captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)Participant[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.
Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.
[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]Did you read my post? I did receive concrete added value, I got my offer accepted.
[quote=bearishgurl]
captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)Participant[quote=bearishgurl]
captcha, had you ever thought there might be ethical agents out there with whom you could contract (as you did) for 3-6 months as your exclusive “buyer’s broker” who might try to talk you out of making offers on particular properties you have your eye on because they “knew” material fact(s) about the property which could affect its liveability, use and/or present or future value? Such as: information about the construction, foundation, lot, adjacent lots, residential neighbors, neighboring businesses, environment, subdivision, future general plan, future school district plans, etc. that perhaps couldn’t be detected by a home inspection, wasn’t widely known, of public record, or perhaps WAS public record at one time but has since been “buried” six feet under. A fact no listing agent would ever reveal to anyone assuming they knew it themselves? Perhaps something you couldn’t learn from your i-phone single-handedly while simultaneously taking a p^ss? Caveat emptor . . . what would this info be worth to you??
[/quote]You are not suggesting that a listing agent acting as my buyer’s agent would forget to disclose information like that? That would be breach of his/hers fiduciary duty.
Seriously, the information you are talking about is not that exclusive, even assuming it’s known to the imaginary buyer’s agent. It would take a chat or two with neighbors and if you had a chance to do your homework and you rented in the area for a year or two with the intention to buy you would not even need to chat.
[quote=bearishgurl]
Yes, some of this stuff could be found out after (1) a preliminary title report has already been generated; (2) you already paid your inspector $450; (3) you already paid an appraisal fee; (4) you already paid your soils engineer $450++ (assuming you were astute enough to have the “seller’s broker” list the outcome of that inspection as a contingency in your offer, lol); (5) you already deposited a $5,000+ earnest money check, which has been sitting in escrow for a month or more; (6) your interest-rate lock will expire in 10 or 20 more days; and (7) you may have already signed off on one or more contingencies, etc. As a potential buyer, what’s your time and $$ worth to you?
[/quote]
And the buyer’s agent will save $450 inspection fee? Or the appraisal fee? Or refund the fee if the appraisal comes in too low?[quote=bearishgurl]
captcha, if I understand your post correctly, you purchased your property thru its listing agent. That listing agent had a contract with his/her REAL clients, the sellers, to earn a particular percentage of commission whether they sold the property themselves . . . or thru a co-broke arrangement. Instead of the listing agent and/or his/her broker making 50% (or less) of the contracted commission on the property (as they had expected to do when they listed the property on the MLS offering the co-broke fee), (s)he made 100% of it, thanks to you going straight to them for “representation.” You didn’t recieve any “concrete added value” equal to 3% by using the listing broker as your own “buyer’s broker” (agent). They just put that extra 3% in their own pockets!
[/quote]Did you read my post? I did receive concrete added value, I got my offer accepted.
[quote=bearishgurl]
captcha, I can tell you that lawsuits against real estate brokers and named agents are VERY COMMON in CA. Lots of buyers and sellers feel they have been damaged beyond repair by the conduct of agents and brokers (both by their own broker and participating co-broker). [/quote]
No kidding? They paid 3% and they did not get their monies worth? (wrt “seller pays commission” – whoever got paid got a chunk of money I brought to the table, I paid them all)Participant[quote=bearishgurl]
captcha, that is the purpose of agents/brokers carrying E & O insurance. It is required on every brokered transaction, on each side. If you, as a seller or buyer, later sue your broker for damages inflicted upon you due to your agent’s neglect, lack of oversight and/or incompetency, for instance, their E & O policy will pay to defend the suit and/or pay your award, along with any culpable brokers, if you prevail in court.
[/quote]All you need to do is pay an attorney to litigate and win after you sign a release of liability put together by association of realtors.
[quote=bearishgurl]
If you represent yourself, you have no one to blame but yourself.
[/quote]Well, you can go with the listing agent and get the same legal protection, no?
[quote=bearishgurl]
If your buyer’s agent INSISTS you use his “buddy mortgage broker,” this is a violation of RESPA and they can be disciplined by the DRE if a complaint is filed and it is later determined that your agent took any kind of “kickback” from the successful origination of your mortgage loan after sending you to a particular mortgage broker, banker or direct lender.captcha, you are always free, as a buyer, to use whichever lender you desire, even in purchasing new construction. It is legal to offer incentives to entice a buyer to use a certain lender but it is NOT legal to force them to use a certain lender or reject an already-accepted offer because the buyer will not use a certain lender. The buyer always has the final say in which lender they will use.[/quote]
I know that. That info might have been valuable and differentiating factor years ago, but today everyone with Internet access can learn that while taking a piss.
Participant[quote=bearishgurl]
captcha, that is the purpose of agents/brokers carrying E & O insurance. It is required on every brokered transaction, on each side. If you, as a seller or buyer, later sue your broker for damages inflicted upon you due to your agent’s neglect, lack of oversight and/or incompetency, for instance, their E & O policy will pay to defend the suit and/or pay your award, along with any culpable brokers, if you prevail in court.
[/quote]All you need to do is pay an attorney to litigate and win after you sign a release of liability put together by association of realtors.
[quote=bearishgurl]
If you represent yourself, you have no one to blame but yourself.
[/quote]Well, you can go with the listing agent and get the same legal protection, no?
[quote=bearishgurl]
If your buyer’s agent INSISTS you use his “buddy mortgage broker,” this is a violation of RESPA and they can be disciplined by the DRE if a complaint is filed and it is later determined that your agent took any kind of “kickback” from the successful origination of your mortgage loan after sending you to a particular mortgage broker, banker or direct lender.captcha, you are always free, as a buyer, to use whichever lender you desire, even in purchasing new construction. It is legal to offer incentives to entice a buyer to use a certain lender but it is NOT legal to force them to use a certain lender or reject an already-accepted offer because the buyer will not use a certain lender. The buyer always has the final say in which lender they will use.[/quote]
I know that. That info might have been valuable and differentiating factor years ago, but today everyone with Internet access can learn that while taking a piss.
Participant[quote=bearishgurl]
captcha, that is the purpose of agents/brokers carrying E & O insurance. It is required on every brokered transaction, on each side. If you, as a seller or buyer, later sue your broker for damages inflicted upon you due to your agent’s neglect, lack of oversight and/or incompetency, for instance, their E & O policy will pay to defend the suit and/or pay your award, along with any culpable brokers, if you prevail in court.
[/quote]All you need to do is pay an attorney to litigate and win after you sign a release of liability put together by association of realtors.
[quote=bearishgurl]
If you represent yourself, you have no one to blame but yourself.
[/quote]Well, you can go with the listing agent and get the same legal protection, no?
[quote=bearishgurl]
If your buyer’s agent INSISTS you use his “buddy mortgage broker,” this is a violation of RESPA and they can be disciplined by the DRE if a complaint is filed and it is later determined that your agent took any kind of “kickback” from the successful origination of your mortgage loan after sending you to a particular mortgage broker, banker or direct lender.captcha, you are always free, as a buyer, to use whichever lender you desire, even in purchasing new construction. It is legal to offer incentives to entice a buyer to use a certain lender but it is NOT legal to force them to use a certain lender or reject an already-accepted offer because the buyer will not use a certain lender. The buyer always has the final say in which lender they will use.[/quote]
I know that. That info might have been valuable and differentiating factor years ago, but today everyone with Internet access can learn that while taking a piss.
Participant[quote=bearishgurl]
captcha, that is the purpose of agents/brokers carrying E & O insurance. It is required on every brokered transaction, on each side. If you, as a seller or buyer, later sue your broker for damages inflicted upon you due to your agent’s neglect, lack of oversight and/or incompetency, for instance, their E & O policy will pay to defend the suit and/or pay your award, along with any culpable brokers, if you prevail in court.
[/quote]All you need to do is pay an attorney to litigate and win after you sign a release of liability put together by association of realtors.
[quote=bearishgurl]
If you represent yourself, you have no one to blame but yourself.
[/quote]Well, you can go with the listing agent and get the same legal protection, no?
[quote=bearishgurl]
If your buyer’s agent INSISTS you use his “buddy mortgage broker,” this is a violation of RESPA and they can be disciplined by the DRE if a complaint is filed and it is later determined that your agent took any kind of “kickback” from the successful origination of your mortgage loan after sending you to a particular mortgage broker, banker or direct lender.captcha, you are always free, as a buyer, to use whichever lender you desire, even in purchasing new construction. It is legal to offer incentives to entice a buyer to use a certain lender but it is NOT legal to force them to use a certain lender or reject an already-accepted offer because the buyer will not use a certain lender. The buyer always has the final say in which lender they will use.[/quote]
I know that. That info might have been valuable and differentiating factor years ago, but today everyone with Internet access can learn that while taking a piss.
Participant[quote=bearishgurl]
captcha, that is the purpose of agents/brokers carrying E & O insurance. It is required on every brokered transaction, on each side. If you, as a seller or buyer, later sue your broker for damages inflicted upon you due to your agent’s neglect, lack of oversight and/or incompetency, for instance, their E & O policy will pay to defend the suit and/or pay your award, along with any culpable brokers, if you prevail in court.
[/quote]All you need to do is pay an attorney to litigate and win after you sign a release of liability put together by association of realtors.
[quote=bearishgurl]
If you represent yourself, you have no one to blame but yourself.
[/quote]Well, you can go with the listing agent and get the same legal protection, no?
[quote=bearishgurl]
If your buyer’s agent INSISTS you use his “buddy mortgage broker,” this is a violation of RESPA and they can be disciplined by the DRE if a complaint is filed and it is later determined that your agent took any kind of “kickback” from the successful origination of your mortgage loan after sending you to a particular mortgage broker, banker or direct lender.captcha, you are always free, as a buyer, to use whichever lender you desire, even in purchasing new construction. It is legal to offer incentives to entice a buyer to use a certain lender but it is NOT legal to force them to use a certain lender or reject an already-accepted offer because the buyer will not use a certain lender. The buyer always has the final say in which lender they will use.[/quote]
I know that. That info might have been valuable and differentiating factor years ago, but today everyone with Internet access can learn that while taking a piss.
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