Tag: Realtor behavior

I am thinking of changing the name of this blog to The Angry Real Estate Blogger

May 5th, 2023

You want to list your house. So, you hire a Realtor. They are charging your 5% on a $500,000 house, so $25k.

And they put this on the listing:

LISTING AGENT IS NOT REPONSIBLE FOR ENTRY ERRORS ON MLS

This means, that buyers cannot rely on the information on the listing to determine their interest in the property.

I understand, this is about liability. The listing agent is worried, that they may make an error and they might get sued.

FOR $25k. Don’t make an error.

There are many buyers that come to town every day to buy a home. In Pasco County Florida, it is around 1300-1500 closings a month. So, every day around 45-50 homes go under contract.

These buyers rely on the information in the listing to decide what homes to look at, and ultimately, what home to buy.

Much of the information that buyers use to select a home are deal makers and deal breakers. Pet restrictions are a deal breaker, for someone with pets. Leasing restrictions are a deal breaker for landlord buyers. Deed restrictions are a deal breaker for many buyers. Room sizes are an issue for many buyers, I once sold a home in one day because of the measurement of the den, the buyer had a pool table. Many listings say buyer to verify room dimensions.

If the information is not on the listing to make the first decision, to go look at a home, we will likely skip the home. Wait we won’t skip it; it won’t even be on the list to consider skipping it.

If you are shopping for a Realtor to list your home, and they have buyer to verify, or Realtor cannot verify the information, or there are blanks or information that is skipped on their listings, perhaps this is not the Realtor for you.

You need to have the widest possible audience to get the most amount of money for your home, in the least amount of time.

One neighborhood I have blogged about is Plantation Palms. It has no pet restrictions. Of 65 listings in the history of the neighborhood. My listing was the only one to say NO PET RESTRICTIONS, which is another way of saying 100 lb. + dogs are ok.

Unfortunately, every listing in the neighborhood says, buyer to verify under pet restrictions. Buyer to verify? Not going to happen. These homes never make the list to being considered.

Angry Randy.
Realtor malpractice or ineptitude?

February 26th, 2023

When you find realtor behavior that is weak. Is the realtor malicious, or just not very good?

Why would a realtor shortchange their client in the first place? The most common example is when a listing agent engages in practices that make it harder for other buyers’ agents to buy their listings. Some listing agents go out of their way to attempt to get both sides of the transaction, that is the listing commission and the buyer’s agent commission.

The most common way a listing agent can block a buyer’s agent, is too not answer the phone, and don’t respond to emails. This will give that listing agent more time to find the buyer themselves.

There are other ways that a listing agent can make a property less attractive and make it more likely that other buyers’ agents will not persue their listings:

Leave out pertinent information from the listing.

Examples: Don’t put down the financing accepted. The biggest item is financing. If a property will qualify for FHA or VA financing, and the seller’s realtor leaves this data entry empty, very few if any FHA or VA buyers will know of its availability. 80% of mortgages are FHA or VA. This blocks a lot of agent’s buyers.

Pet restrictions: Leave them off. A very nice neighborhood in Pasco County is Plantation Palms. It is one where there are no pet restrictions. Therefor if you have a 100 lb. dog, you will find this community very attractive. Of 65 listings in that community, that I surveyed, not one of them noted that there were no pet restrictions. This data entry point was not included in the listing, or it said buyer to verify. 1000s of buyers coming to town and NONE of them look at this community if they have big dogs.

Zoned for Horses: A property that is 1 acre plus and zoned agricultural and has no deed restrictions (no HOA), is automatically zoned for 3 hooved animals. (horses). At the time of this blog, Feb 26, 2023, there are 65 listed properties over 1 acre that are zoned agricultural and are not in a deed restricted community. Only 12 of them have the data entry for Zoned for Horses checked. So, a buyer, looking for horse properties will only see 12 properties, when there are really 65.

I could go on and on. There are over 100 data entries that can be answered on an MLS data entry form. Many realtors put “buyer to verify”. PLEASE, what are the chances that this listing even comes up under the buyers’ criteria. They won’t because “buyer to verify” is just like leaving that data entry blank.

SO, the question was…is this malicious or incompetence?

It does not matter. What matters is the client is not getting what they are paying for.

Randy 727-409-4663 (409-home).

Randal Jenkins

Rocket Mortgage NMLS #205-3417

www.409home.com

Rent to Own Pasco Inc

Coldwell Banker F I Grey and Son Residential

5636 Grand Blvd

New Port Richey Fl 34652

click on Active Listings or search all of MLS at www.409home.com

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Tag: Realtor behavior

I am thinking of changing the name of this blog to The Angry Real Estate Blogger

Realtor malpractice or ineptitude?