OREGON PROPERTY BUYER ADVISORY

This is A CONSUMER INFORMATION PUBLICATION OF THE OREGON REAL ESTATE AGENCY - I am Posting what is said about this advisory below..

"A real estate licensee is vital to the home buying process and can provide a variety of services in locating property, negotiating the sale and advising the buyer.

A real estate agent is generally not qualified to discover defects or evaluate the physical condition of property; however, a real estate agent can assist a buyer in finding qualified inspectors and provide the buyer with documents and other resources containing vital information about a prospective new home.

This Advisory is designed to assist home buyers in meeting their obligation to satisfy themselves as to the condition and desirability of property they are interested in purchasing. Common issues in real property transactions that home buyers often decide to investigate or verify are summarized in this Advisory.

In addition to investigating or verifying these common issues, the buyer should tell the licensee with whom they are working about any special concerns or issues the buyer may have regarding the condition of the property or surrounding area. Such special concerns are not addressed in this Advisory. "

I think you do need real estate advise But I do not think it should be based on the Deal Closing. I feel that Real Estate Advice should be a Real Service and Cut out as many reasons to Lie - Cheat - Steal or fail to disclose as possible.

I don't think a "Realtor" can objectively advise a Buyer. If they only get paid if the Deal Closes there is too much room for Silent Fraud, Failed Disclosure, Latent Defects, Adverse Material Fact and many other factors that directly hurt the real estate consumer.

The above advisory says, "A real estate agent is generally not qualified to discover defects or evaluate the physical condition of property" - the thing is YOU should demand that REALTORS - supposedly of a higher standard.. ARE qualified to "discover defects" and "evaluate". The REALTOR, real estate agent gets paid a large chunk of money and they do not know enough to really help you make informed decisions or to protect you. You, the Real Estate Consumer need to DEMAND that REALTORS know more, are "qualified" to tell you what can hurt you, and are required to "evaluate the physical condition" otherwise of what use are they Really.

Most Realtors get paid basically for talking you into listing with them, and then they wait for a buyer to magically appear. Though more and more Realtors are using more photos they generally still do not, the POINT is to get you to call and ask questions so they can sell you something, anything will do really.

I have seen many Realtors simply do Nothing at all and then when the closing comes they go and just sit in the room, and wait patiently for their money. I have seen Realtors point at a photo of a listing in their office - send the buyer out to look, buyer comes back and the secretary writes up the deal.. Cha Ching.. $12,000 pay check for Broker Owner Big shot..

This advisory also talks about home buyers "obligations" - you see as a buyer you are Obligated to Find out what is wrong with the place your buying, you have to do all the research - homework and all it takes to be sure and you have to pay specialists in each field - When in TRUTH the Realtor should do this, the NAR member that is Suppose to be of a higher standard really should be of a higher standard. Instead they get to brush off all the real work on to title companies, inspectors, and on the buyer themselves to "discover" issues..

Yes this reduces the Realtors Risk, Bigtime... and it makes it easy for them to just say hey I DID NOT KNOW... or I THOUGHT THE SELLER FIXED THAT... You the Real Estate Consumer needs to demand that the "Realtors" do more to protect you, do more to advise you, and do more to actually be the Higher Standard and the Voice of Real Estate that NAR brags Realtors up to Be.

All this investigative work should be done by the Realtors... WHAT are you Still Paying them For...