You Sign a Listing, You Should Be Signing a Consulting Contract, anyway you sign and then you want the Listing agent to Find a buyer, Sellers call me constantly wanting to know how it is going and if I have found a buyer or any interest on their real estate for sale.
Sellers expect that in signing a listing contract with me that I will actually market and actively seek a buyer. It is appropriate that a Seller want their Agent to actually sell the real estate they kind of hire them to sell. And by kind of I mean, the Seller does not really hire the Real Estate Agent, they simply give them permission to Try and Sell the Property and to try and Make a Living from it. If the Agent Does not sell the property well then their hours of work, their time, their stress... and all that well it is lost. Another Reason that Real Estate Consulting is more of a win - win and an actual service.
If there is No Dual Agency then the Seller Hires the Realtor, and the Realtor sits and waits for another Realtor to sell the property. Sellers' don't like this and well they get down right upset, and rightfully so, at a Real Estate Agent Who does not actively market and seek a real estate buyer. If no Dual Agency then you market and Sell to other Realtors so they find a buyer, or you would pass the client of to another Realtor in the office to represent the Buyer... but this is DUAL Agency as well, for the Broker is really whose listing and buyer it really is.
Real Estate is Simple. A Buyer is looking to Buy, A Seller is Looking to Sell - you can connect on the Internet for Free, have a Title Company write up your deal.. and get on with your life. Though I recommend many things be in that contract, I don't believe your Realtor knows what you need to have in that contract to protect you. You need to know that and make sure that you are protecting yourself, no one else really cares about your fate, your quality of life or your future.
You don't need to pay FSBO Companies, you Don't Need Home Value Sites, you don't need Realtors, just put your place for sale and find a buyer. The Market is what it is, if Buyers can find you they will take a Look. The MLS and Mega Sites of Any kind are not really the best place to find you, they don't single you out, they don't provide a way for you to get FOUND, they simply create ways to get internet traffic and sell people stuff, and they use your real estate for sale to do it.
So There is currently very few Consumer Friendly options when you go to sell your home. So just do as they say, sit down and shut up and pay them.. Right?
You Should have Way more Rights and these Rights need a Way to Actually be REALLY enforced.
In a Dual Agent situation the Listing agent gets a Buyer and now they cannot tell either side anything really because they represent both. SO the Buyer and the Seller are left to fend for themselves. Some see this as bad, and well it is, however removing Dual Agency won't fix this. The Consumer in todays real estate market is really without real representation anyway.
There there desperately needs to be more tools for the real estate consumer, better ways to enforce laws and to hold Real Estate Agents and Brokerages accountable. The Real Estate Consumer needs to be empowered. Instead you are just a pawn in the games NAR plays... and NAR caters to HUGE relocation companies, insurance companies, banks, lenders and their own pocket book... so You Lose.
I say do away with "Realtor" and only have Real Estate Consultants that provide a fee based service and get paid, and far less whether the deal closes or not. This removes the major incentive to lie, to hold back adverse material facts, to commit Silent Fraud.
Take Back your Power.
Buyers Want to Buy
Sellers Want to Sell
Why all the Room for
Lies and Fraud?
y
Why no Accountability?
Why are Real Estate Consumers
Not Really Being heard.
crystal cox real estate consumer advocate