Investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
I've been in the business of real estate 28 yrs and a broker/Realtor 16 years, there is a whole bunch of uncertainty here. I love what I do and I have never, ever lied to a client. Ethics is the name of the game. Now I've had clients lie to me.
I’ve had great agents and terrible ones. It’s so hard to find one that is honest, reliable, and looking out for you. An agent refused to show us any house in our price range because she decided we could afford to spend more. Not her call. I’ve had two great agents that I would totally trust to give me the straight scoop but more I wouldn’t trust under any circumstances.
Pretty cynical view of our Realtor community. Maybe in New York it is more dog eat dog, but in the Midwest and other parts of the country, great Real Estate agents are out there working their tails off to service the client and be fiduciary to the people they represent. How will the public ever trust our value with reports like this?
I agree. For example, in South Florida the waters are tough to navigate. However, I've found that by being honest and up front about things with my clients, specially Sellers, the transaction/relationships have a much higher chance of being successful.
I've been a licensed realtor for 26 years now. Treat clients honestly and with integrity, and you too can have a career as opposed to only a few years of success with zero repeat business or referrals. You get back what you put out. Simple.
You can be sued on that whole termite thing (here in florida). If an agent knew or *should have* known about anything about material defects he/she is made liable. Now on the murder/death part, at least for Florida, that is incorrect. You do NOT have to tell them about deaths because it does not considered a material defect by law.
Yep the murder (or any other psychological stigma) disclosure isn’t required in Pennsylvania either. That’s why buyer agents always advise their customers/clients to do research
I don't do open houses. There are much better ways to find a buyer than this. If somebody is qualified to buy a home, they are going to make an appointment and come see the property anyway. Safety is another issue (for my clients and myself.) I'm also not interested in using my client's home as a means for me to generate buyer leads, that would be unethical and not in the best interest of my client. Bad clients? Not willing to stage? Please. Bad clients are those who lie to you about delinquent taxes, HOA dues and shoddy repairs. It all comes out in the wash, so you shouldn't bother lying. Likewise, home owners that refuse to stage the home, clean the home, make repairs, or price appropriately won't get listed by me.
Wow. That kind of stuff might fly in New York but things like misleading information or failure to disclose information about something that is not in a clients best interest will get you ran out of town and get your license taken away down here.
+Luke Thomas I LIVE IN CONNECTICUT KNOW A GUY WHO WAS A AGENT HES GETTING OUTTA THE BUSINSS AFTER TRYING TO COMMIT SUICIDE BECAUSE OF THE STRESS OF THIS CRAP
+Cynthia WithLove CT CLOSING COST VARIES FROM 1000- TO 10000 PLUS MY LATE GRANDMA CLOSING COST ON HER HOME IS 8500 DOLLARS WERE LUCKY WE DONT HAVE TO PAY
+Edward Koepke That agent had the wrong attitude about why he was in the Real Estate Business. You are motivated by the commissions, but you have to Love people more than money and commissions!
This is complete BS... It may be true in the cut throat Million Dollar market of New York... If people acted like this guy in our market he wouldn't last long.
It's quite the opposite actually. If you work for a firm and don't produce enough, you'll get canned. This makes Realtor's desperate to try anything to get a sale.
_at my brokerage you stay as long as you pay your monthly bill._ All firms don't work the same way. What happens if you don't produce enough to pay your monthly bill? _what brokerage do you work for?_ I'm not a RE agent; I don't work for a brokerage.
Agents gloss over crap all the time ,I have fired few agents . I have a agent that I like ,I only use her after I have done my home work and she cuts me a deal .
I would imagine this is reality TV and there is some stretch to the truth here... I have found that most agents who have been in the business for a great length of time have found success in treating clients with integrity. Best source of business is repeat business.
Thank you Eric. While there are agents that really are sharks I know many that are awesome advocates and was taken aback we were painted in such a poor light.
Karl Hans You have to take a real estate course which has 2 parts. One is general real estate knowledge and covers the specific laws of your state. Some states are reciprocal in that their laws are similar so you could apply for a license there if you carry one in your state. However, some states differ so much that you have to study and learn their specific state laws and take their test in order to receive your license. A real estate license is basically a license to practice law but in a very narrow and limited arena of real estate.
elizabeth san miguel Someone in the real estate once told me, if i remember correctly, that he took courses and that now that he's an agent life is smooth and he makes good money.
I love Barbara. She is so right, we as real estate agents definitely have to be creative. I've definitely seen cut throat tactics. Thats the reason I love to share success tips with other agents and investors on my youtube channel. We can encourage and inspire each other to make it another day in this business.
I agree. For example, in South Florida the waters are tough to navigate. However, I've found that by being honest and up front about things with my clients, specially Sellers, the transaction/relationships have a much higher chance of being successful.
Neva Williamson hi, am hottenshia from kenya a real estate agent please can you help me on how to market my properties, it has been 3years never closed any deal. I feel exhausted and I have no other work I can do for now. My email Wanjikuredhill@gmail.com
Phill and I are nothing like this video portrays. No wonder we have a really difficult time getting people to trust us. We genuinely care about the families we help. We really enjoy when we have help two people find a solution to their real estate needs. The seller who needs out of the property and the buyer who wants a new property. Matching a buyer with a seller is a win for everyone. And it is a great feeling to be an instrument to assist in the enjoyment for everyone. It is not at all like this video portrays. This is sensationalism for entertainment.
This is the difference between agents and Realtors. Realtors are held accountable to a code of ethics. I hate hearing these stories of deceptive agents.
Here in Texas, if the agent doesn't disclose material facts the agent will be stripped of license & the injured party can sue.... dishonesty goes against the fiduciary duties of an agent n has sever consequences... sounds like NY needs to do better......
As a Realtor, some of the things mentioned in this video might be true but it makes agents sounds like bottom feeders! The agents I have worked with and organizations I have done business with have never been as dirty as this video makes it look! Honesty and integrity are the ONLY way to do business!
There is bad with the good. Unfortunately, nobody cares about the hard working honest Realtors. Bad sells ratings and gets attention. I didn't hear anything about those of us who have convinced Buyers to walk away from a bad purchase they were emotionally attached to. In Tucson home inspections are highly recommended, as well as termite & Roof inspections. If there is concern or suspicion, structural inspections, mold inspections, and more. Seller beware if you fail to disclose. I like to point out what to look for while viewing; discolored ceilings, water stains along a room next to a bathroom, exterior hole where bees can colonize, etc. Previewing homes that have claims that are suspicious so Buyers won't waste their time, video taping homes for out of state clients so they don't waste a plane ticket. There are lots of things Good Realtors do everyday that goes unnoticed. We have a saying here, "We don't need more Realtors, we just need good Realtors." Home Buyers and Sellers may tell one person if you're good. They will tell 100 if you're bad. Not worth the risk to be shady. New York can keep those Realtors shown in the report.
You or someone you know definitely had or have had bad experiences and that saddens me. I was going to respond to your post, but I am having a hard time breaking some of it down. 1.Who's taking money off the top? you referring to the commissions of the Realtor? 2. "Investment is laughable" are you referring to a home is a persons biggest investment? 3. What needs to be highly regulated? In regards to having a sales sticker per se - That is what a Seller's Property Disclosure Statement form is for. The seller is required to fill this out. The Realtor cannot assist in that, they can only tell the seller they must by law disclose. Taxes are always posted on the MLS at least in Arizona they are. All other items that are material to the buyer is available on the internet or at your local zoning dept. I guide the buyer in the right direction and assist in finding those items of concern. Sometimes it takes hours or days to get the information. Sometimes you make the offer and have a 10 day inspection period to find those items that are of material effect to you. If you find something that you do not wish to deal with you can walk away.
I am not understanding the "not illegal" part...sorry...as far as the "you can walk" it is soooo broad and way to long to even type out. Yes there can be penalties depending on the situation, but based on what I was referring to earlier in the 10 inspection period, if it is at no fault of the buyer and they see something that is of material effect, they can walk. There a number if provisions in the contract to protect the buyer. It would interesting to see what predicament you or whoever you know were involved in to get a better grasp as to what happened. Ever situation is unique in and of its self unfortunately to give you a better answer.
I wish I knew what you got involved with.......It's just a term...it means 'to cancel'. It's spelled out in the contracts. I have to sit down with my clients and give them the first steps of what they are about to embark on before and after a we have a contract agreement to purchase. They get to see the what ifs and steps they have to take in order to stay on track and within the contract to protect them. I didn't understand the 10% penalty part. Yes I am concerned and have to be concerned about my buyers and not the commission. If I weren't, I would have dumped half of the clients I work with for so many reasons. Some take up to 2 years to buy, but it doesn't bother me. Many agents think I am nuts, but that's what separates me from the rest. I am a very patient agent and counselor. Legal terminology can bite, I agree. Unfortunately in this post I won't be able to steer you. You had a bad incident and that's too bad. As my colleague said the other day there are good and bad Realtors out there. It's par for the course unfortunately but fact in every business. Those that are bad have major character flaws, but I can't fix that. I can only bring the best experience for those that work with me to help them and to bring a better light to the industry.
+artsygirlify as he said, you don't have to mention that, it's perfectly legal.If the house was haunted, on the other hand, then that's when u must disclose...
In NC it is not a material fact if someone has died or if there were bed bugs. Agent are more liable her but that doesn't mean there are no unethical agents. Know too many of them. I worked for many years, don't recall those being a fact to be disclosed as well.
I francai . Our real estate agent are really different. I try to make a different property chain to be more professional, but we are not " united " like you. Thank you for sharing .
Agents like that would never fly in California! Yes, of course we have unethical over anxious agents here but they stand out like a sore thumb. To be successful, practice ethically to your clients, then the money rolls in on it's own with less effort!
I'm a Broker, REALTOR, and Certified Real Estate Appraiser. The Real Estate industry is full of secrets and misconceptions that have carried on for years on both the appraiser and agent side. There are many professionals that are able to achieve superior financial gain by misleading their clients and other professionals, the ones who are honest and at times more qualified are unfortunately not always able to counter these misleading representations. Our company eValuePort is striving to bring back the trust and inform buyers and sellers of these misconceptions. I think it's time to get the trust and service back in the Real Estate Industry.
I'm an Agent from Missouri and unfortunately their are alot of "Agents " that could care less about their clients . Sadly, the only concern of theirs is the $$$. That's just the cold hard truth ...doesn't matter where your from. I myself wouldn't be able to rest at night if I knew their were issues with a piece of property I was selling and it wasn't disclosed on the disclosure statement . Thank God for Inspections ! :)
Great video. Very true about a lot of things. Have run into some of the real estate agents mentioned myself. But I know that there are great real estate agents out there,you just need to find one.
It is not easy to be a Real Estate Agent for more than15 years. You need a lot of professionalism, persistence and many more... There are excellent customers and other ones that aren't easy to deal with, but, no matter what difficult it can be, I love to be a Realtor!
Wow, imagine everyday dealing with agents like this. I'd be out of the business. Its people conducting themselves like this that give all of us a black eye. People viewing this please know that not all of us are like this. Trust your gut, if he seems like a hustler, move on to someone you feel is trustworthy.
Barbara Is TOP NOTCH !! I’ve taken all of Barbara’s amazing advice and jumped out of my comfort zone! I took that advice and expanded my Agency into a new revenue stream. I even started a CZcams Channel to document my journey help others with what I have learned! Thanks Barbara, I own you!
Thank you so much for these information about real estate agent. I really need it. I am looking for info about it and the best videos I watched came from this channel!...Continue your good work...👌✌
At least they were Honest! I always say it is better to hear sour Truth than sweet Lie!!! I am Real Estate Agent and have no "filter" so I will tell you the truth not to hurt your feelings, but to keep you safe. People, this business is not only about making money, but it is about helping people also!
lol the creative LINGO cracks me up. go on craigslist you see all kinds of crap trying to be sold labeled as a "cute little cottage" or "quaint bungalow"
I've been on all sides of the real estate transaction - buyer/seller/agent/service-provider - the video is true...a *significant* number of real estate agents are salespeople first and foremost - the industry breeds them..."top sales agent" - "top transaction agent" - "top gross commission agent" et al. Sell, sell, sell...
I'm surprised at some of these comments. I'm a Realtor. Yes, an unscrupulous, dishonest agent might try to do something unethical, but there are laws in place to protect the homeowner and buyers. If you are dishonest or unethical you can lose your license or even go to jail! Realtors (not every agent is a Realtor) voluntarily submit to a higher code of ethics by joining a local Real Estate Board, where they can be fined or lose their status of good standing if they act in a manner that is not in the best interest of their client. The contract between you and your client states clearly that you are bound by law to represent their best interest, not yours, not the buyers and not any other person. In addition EVERY OFFER is required to be submitted to the Seller. I don't know where all these people practice real estate. Maybe they're all in NY. Wherever it is, I'm glad I don't live or sell real estate there! This is flat out false.
This shows the other side of the business. All of the scenarios talked about here has happened to me...stubborn sellers; overpriced house; buyers having zillow as their guide, gives me more work since information on other real estate websites are misleading. If you are a great real estate agent, you will survive all these minor annoyances. Every business has them.
Not trying to make a killing, trying to survive. The average agent makes $40,000/yr. This is high stakes real estate, not everyday suburban sales in the rest of America. Keeping a listing up after it’s gone is unethical.
Well made, good information for beginners. The reality is that it is a numbers game, you have to look at a lot of lemons to find a Sherry. Good due diligence in this economy is essential.
Good stuff about realtors. Unfortunately most realtors don't even know how to run comparables on the MLS. I can't wait to be a Broker and a very good one.
***** I have spoken to a handful of Realtors and Brokers and was not very impressed. They are just trying to sell like any sales person. Only a very few dedicate themselves to being a Realtor. I was shocked of how many crooked Brokers and Realtors I meet this year. The people who have been in real estate warned me about this and they where not kidding. Most Realtors and Brokers are almost the same.
This is not a realistic picture of agents. I was hoping for something real. It can actually be a lot worse and a lot better. This is a misleading compilation of snap shots taken out of context.
This was a very interesting episode, but does not portray all what a GOOD Realtors can do for you. We do negotiate for the Buyers and Sellers. Fiduciary duties are a must. In regards to the 'Open House' is really for the agent....That was entirely misleading in this article. Agents hold an open house for the benefit of the Seller first...the Seller's come first . At least for this realtor it does. It's another way to promote the Seller's home! Yes, an open house can bring forth a possible client for the Realtor, but the promotion of the home is first. In regards to home inspections...Caveat Emptor "buyer beware" should be curbed by the use of a GOOD realtor. Home Inspections are a must! Everything that encompassing the heart of a home should be inspected by a qualified person. We GOOD Realtors are constantly surfing the net for our clients to bring things that are of material effect to the fore front. In Tucson we work differently it looks like. I have no idea what this 'Shark' mentality is here in this episode. I treat all fairly, regardless of what side you are on. It should be note that I have had the opportunity to speak with New York-Manhattan Realtors that have since retired here in sunny Arizona and have decided to continue on the path of Realtor... Many comments have been made that reflects the Realtors here in a good light if I am being told "You folks do a lot here." "Why yes we do." Tucson Realtor, Tucson Proud!
1.) not all Realtors are nearly as unethical as portrayed by those in New York's cutthroat market 2.) stigmatized property disclosures are NOT mandatory in all states, as claimed in the video.
This was a very "Eye Opening" video. But if you don't feel like dealing with a shark, and you'd prefer to speak with a genuinely, honest, human being; A beautiful Las Vegas vacation home just went on the market, and it comes with an incredible deal. Interested? Type in, "Handsome Cowboy Sells Himself." Enjoy.
Great video, I agree with most of the points all these top agents mention. I like to be up front with my clients and set the expectation from the beginning.
As it was mentioned. In the video... Honesty is the holy grail of the realtor. The last thing you want to have is a potential buyer thinkibg at night about something you forgot to mention...
I'm a firm believer that the good of anything will out weigh the bad especially in real estate. ..people are more educated now and simply check your answers to every question asked.
I was interested in a home i seen on a realty site. When i went to the location it was partially burned. Is a partially burned home worth repairing? How much discount should i seek? Can i dodge the real estate agent? She mentioned the owner dealing with insurance company.... i appreciate it...
This gives agents like me a bad wrap. The first male agent is on the show Million Dollar Listings and has to be a shark to succeed in New York. However, I like to believe that agents are taught fiduciary duty and stand by that code.
It all depends on the city and state you are in. There are many agents/realtors who do exactly what she said. About holding back offers from the sellers. I think it is time that the sellers know the truth.
also another thing that pisses me off is the ads i see for "rent to own" i am someone into only renting homes at this point in my life because i like to move and there is always some stupid real estate agent trying to get me to buy through "RENT" to own programs when that is not an option for me!
Ryan, NO, you don't have to tell them someone died there. Death in a property is NOT an adverse material fact. I love your stuff and I wish I were as good looking as you, but my small guess is that I'm selling real estate in Montana and I know a smidge more than you do about real real estate.
do not buy a fixer upper property. chances are they're spending minimal money to cover up (rather than to fix) the underlying problem. the home inspector will not be able to see through the cover up. you're definitely not going to know what the underlying problem is until it's too late. // and never buy an auction property as they never let you see the inside. repairs can double the cost of purchase.
Investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
The best investment one can do right now is investing on real estate though stocks are good but ever since I swapped to real estate, I've seen so much difference.
I have been making a lot profit through real estate which has been the main source of my income.
I’m interested I want to move to real estate investment can you help me ?.
Sounds great! please I will appreciate your assistance on how to go about it, who's your coach and how good is your coach?
STEPHINE KOPP MEEKS is who i work with look her
If you're an honest good person, you'll do fine. If you're a scammer, you'll weed yourself out in time...
Tony Droid Your claim means you're a Fad, Fads don't last.
Tony Droid Yea & you're a real estate professional. lol
Tony Droid troll on you little peasant
***** he's 12 years old, lol
stodoys
I've been in the business of real estate 28 yrs and a broker/Realtor 16 years, there is a whole bunch of uncertainty here. I love what I do and I have never, ever lied to a client. Ethics is the name of the game. Now I've had clients lie to me.
I’ve had great agents and terrible ones. It’s so hard to find one that is honest, reliable, and looking out for you. An agent refused to show us any house in our price range because she decided we could afford to spend more. Not her call. I’ve had two great agents that I would totally trust to give me the straight scoop but more I wouldn’t trust under any circumstances.
Pretty cynical view of our Realtor community. Maybe in New York it is more dog eat dog, but in the Midwest and other parts of the country, great Real Estate agents are out there working their tails off to service the client and be fiduciary to the people they represent. How will the public ever trust our value with reports like this?
True Cynda!
I agree. For example, in South Florida the waters are tough to navigate. However, I've found that by being honest and up front about things with my clients, specially Sellers, the transaction/relationships have a much higher chance of being successful.
Word to mouth. Reputation is everything!
I can't wait to add to one of the Nobel real estate agents who work to genuinely serve the community with integrity ❤️
Being a real estate agent is a lot of hard work. You need to be determined, competitive and persuasive to be able to close the deal.
Aren't there a lot of corrupt jerks in all professions. doctors, attorneys funeral directors.
Too much repetition
i hate those fkrs especially car mechanics overchargin you.
I've been a licensed realtor for 26 years now. Treat clients honestly and with integrity, and you too can have a career as opposed to only a few years of success with zero repeat business or referrals. You get back what you put out. Simple.
how much u make man
You can be sued on that whole termite thing (here in florida). If an agent knew or *should have* known about anything about material defects he/she is made liable. Now on the murder/death part, at least for Florida, that is incorrect. You do NOT have to tell them about deaths because it does not considered a material defect by law.
Yep the murder (or any other psychological stigma) disclosure isn’t required in Pennsylvania either. That’s why buyer agents always advise their customers/clients to do research
Keeping closed listings in MLS is malpractice.
I don't do open houses. There are much better ways to find a buyer than this. If somebody is qualified to buy a home, they are going to make an appointment and come see the property anyway. Safety is another issue (for my clients and myself.) I'm also not interested in using my client's home as a means for me to generate buyer leads, that would be unethical and not in the best interest of my client.
Bad clients? Not willing to stage? Please. Bad clients are those who lie to you about delinquent taxes, HOA dues and shoddy repairs. It all comes out in the wash, so you shouldn't bother lying. Likewise, home owners that refuse to stage the home, clean the home, make repairs, or price appropriately won't get listed by me.
What do you suggest other then open houses?
@@josephrovito3914 That guy talks big but he's prolly selling insurance now.
Wow. That kind of stuff might fly in New York but things like misleading information or failure to disclose information about something that is not in a clients best interest will get you ran out of town and get your license taken away down here.
+Cynthia WithLove Agreed.
+Luke Thomas I LIVE IN CONNECTICUT KNOW A GUY WHO WAS A AGENT HES GETTING OUTTA THE BUSINSS AFTER TRYING TO COMMIT SUICIDE BECAUSE OF THE STRESS OF THIS CRAP
+Cynthia WithLove CT CLOSING COST VARIES FROM 1000- TO 10000 PLUS
MY LATE GRANDMA CLOSING COST ON HER HOME IS 8500 DOLLARS WERE LUCKY WE DONT HAVE TO PAY
+Edward Koepke That agent had the wrong attitude about why he was in the Real Estate Business. You are motivated by the commissions, but you have to Love people more than money and commissions!
+Luke Thomas Where are you from?
This is complete BS... It may be true in the cut throat Million Dollar market of New York... If people acted like this guy in our market he wouldn't last long.
It's quite the opposite actually. If you work for a firm and don't produce enough, you'll get canned. This makes Realtor's desperate to try anything to get a sale.
jjenson2006 at my brokerage you stay as long as you pay your monthly bill.
jjenson2006 what brokerage do you work for?
_at my brokerage you stay as long as you pay your monthly bill._
All firms don't work the same way. What happens if you don't produce enough to pay your monthly bill?
_what brokerage do you work for?_
I'm not a RE agent; I don't work for a brokerage.
Agents gloss over crap all the time ,I have fired few agents . I have a agent that I like ,I only use her after I have done my home work and she cuts me a deal .
Was that dude wearing lipstick?
Able Maung it is tv, for tv there is make up, even for guys.
Able Maung I'm dying!
Tells you a lot, doesn't it? And, this is not the way we do business in Delaware.
yes!!!!!lol
I would imagine this is reality TV and there is some stretch to the truth here... I have found that most agents who have been in the business for a great length of time have found success in treating clients with integrity. Best source of business is repeat business.
Thank you Eric. While there are agents that really are sharks I know many that are awesome advocates and was taken aback we were painted in such a poor light.
Eric W. Vaca Do i need to go to college to be a real estate agent?
Karl Hans You have to take a real estate course which has 2 parts. One is general real estate knowledge and covers the specific laws of your state. Some states are reciprocal in that their laws are similar so you could apply for a license there if you carry one in your state. However, some states differ so much that you have to study and learn their specific state laws and take their test in order to receive your license. A real estate license is basically a license to practice law but in a very narrow and limited arena of real estate.
elizabeth san miguel So no college, got it. I'll check it out.
elizabeth san miguel Someone in the real estate once told me, if i remember correctly, that he took courses and that now that he's an agent life is smooth and he makes good money.
I love Barbara. She is so right, we as real estate agents definitely have to be creative. I've definitely seen cut throat tactics. Thats the reason I love to share success tips with other agents and investors on my youtube channel. We can encourage and inspire each other to make it another day in this business.
If you want to find the best real estate deals fast then go here now: HootReal. info
I agree. For example, in South Florida the waters are tough to navigate. However, I've found that by being honest and up front about things with my clients, specially Sellers, the transaction/relationships have a much higher chance of being successful.
If you want to find the best real estate deals fast then go here now: HootReal.info
Neva Williamson hi, am hottenshia from kenya a real estate agent please can you help me on how to market my properties, it has been 3years never closed any deal. I feel exhausted and I have no other work I can do for now. My email Wanjikuredhill@gmail.com
Neva Williamson hi I have a question for real estate agents, are you free to answer
Phill and I are nothing like this video portrays. No wonder we have a really difficult time getting people to trust us. We genuinely care about the families we help. We really enjoy when we have help two people find a solution to their real estate needs. The seller who needs out of the property and the buyer who wants a new property. Matching a buyer with a seller is a win for everyone. And it is a great feeling to be an instrument to assist in the enjoyment for everyone. It is not at all like this video portrays. This is sensationalism for entertainment.
This is the difference between agents and Realtors. Realtors are held accountable to a code of ethics. I hate hearing these stories of deceptive agents.
Here in Texas, if the agent doesn't disclose material facts the agent will be stripped of license & the injured party can sue.... dishonesty goes against the fiduciary duties of an agent n has sever consequences... sounds like NY needs to do better......
Very informative. Honesty will win the day every time.
As a Realtor, some of the things mentioned in this video might be true but it makes agents sounds like bottom feeders! The agents I have worked with and organizations I have done business with have never been as dirty as this video makes it look! Honesty and integrity are the ONLY way to do business!
There is bad with the good. Unfortunately, nobody cares about the hard working honest Realtors. Bad sells ratings and gets attention. I didn't hear anything about those of us who have convinced Buyers to walk away from a bad purchase they were emotionally attached to. In Tucson home inspections are highly recommended, as well as termite & Roof inspections. If there is concern or suspicion, structural inspections, mold inspections, and more. Seller beware if you fail to disclose. I like to point out what to look for while viewing; discolored ceilings, water stains along a room next to a bathroom, exterior hole where bees can colonize, etc. Previewing homes that have claims that are suspicious so Buyers won't waste their time, video taping homes for out of state clients so they don't waste a plane ticket. There are lots of things Good Realtors do everyday that goes unnoticed. We have a saying here, "We don't need more Realtors, we just need good Realtors." Home Buyers and Sellers may tell one person if you're good. They will tell 100 if you're bad. Not worth the risk to be shady. New York can keep those Realtors shown in the report.
Thanks Doug! Thank you so much! This episode irritated me so!!!!!
ungratefulmetalpansy
His name is Doug or HER name is Cindy. Sounds like you have had a bad experience and I'm sorry for that if you did.
You or someone you know definitely had or have had bad experiences and that saddens me. I was going to respond to your post, but I am having a hard time breaking some of it down. 1.Who's taking money off the top? you referring to the commissions of the Realtor? 2. "Investment is laughable" are you referring to a home is a persons biggest investment? 3. What needs to be highly regulated?
In regards to having a sales sticker per se - That is what a Seller's Property Disclosure Statement form is for. The seller is required to fill this out. The Realtor cannot assist in that, they can only tell the seller they must by law disclose. Taxes are always posted on the MLS at least in Arizona they are. All other items that are material to the buyer is available on the internet or at your local zoning dept. I guide the buyer in the right direction and assist in finding those items of concern. Sometimes it takes hours or days to get the information. Sometimes you make the offer and have a 10 day inspection period to find those items that are of material effect to you. If you find something that you do not wish to deal with you can walk away.
I am not understanding the "not illegal" part...sorry...as far as the "you can walk" it is soooo broad and way to long to even type out. Yes there can be penalties depending on the situation, but based on what I was referring to earlier in the 10 inspection period, if it is at no fault of the buyer and they see something that is of material effect, they can walk. There a number if provisions in the contract to protect the buyer. It would interesting to see what predicament you or whoever you know were involved in to get a better grasp as to what happened. Ever situation is unique in and of its self unfortunately to give you a better answer.
I wish I knew what you got involved with.......It's just a term...it means 'to cancel'. It's spelled out in the contracts. I have to sit down with my clients and give them the first steps of what they are about to embark on before and after a we have a contract agreement to purchase. They get to see the what ifs and steps they have to take in order to stay on track and within the contract to protect them. I didn't understand the 10% penalty part. Yes I am concerned and have to be concerned about my buyers and not the commission. If I weren't, I would have dumped half of the clients I work with for so many reasons. Some take up to 2 years to buy, but it doesn't bother me. Many agents think I am nuts, but that's what separates me from the rest. I am a very patient agent and counselor.
Legal terminology can bite, I agree. Unfortunately in this post I won't be able to steer you. You had a bad incident and that's too bad. As my colleague said the other day there are good and bad Realtors out there. It's par for the course unfortunately but fact in every business. Those that are bad have major character flaws, but I can't fix that. I can only bring the best experience for those that work with me to help them and to bring a better light to the industry.
"The biggest ethical issue I see in the real estate business is...dishonesty." Man, that dude's a GENIUS! (3:06)
Facebook Account Yeah man, that is what I was thinking. So lame
He comes across as unintelligent, uneducated, and uncultured.
I'm currently trying to sell my house. I had an agent who straight up lied about the house, then got mad at me when I fired her.
Wow! That's not good.
You don't have to disclose if to buyer if someone passed or was murdered in the home
uhhhh you better becuz you can be sued.
+artsygirlify as he said, you don't have to mention that, it's perfectly legal.If the house was haunted, on the other hand, then that's when u must disclose...
+kieth itreal yea i forget actually what its called.. But learned it in my real estate class
In NC it is not a material fact if someone has died or if there were bed bugs. Agent are more liable her but that doesn't mean there are no unethical agents. Know too many of them. I worked for many years, don't recall those being a fact to be disclosed as well.
A Realtor told me that it is against the law for a Realtor to tell a client that someone was killed in a house.
This is a very interesting video. Worth the watch!
I francai . Our real estate agent are really different. I try to make a different property chain to be more professional, but we are not " united " like you.
Thank you for sharing .
Agents like that would never fly in California! Yes, of course we have unethical over anxious agents here but they stand out like a sore thumb. To be successful, practice ethically to your clients, then the money rolls in on it's own with less effort!
Fantastic insight, always love to hear the behind the scenes!
I'm a Broker, REALTOR, and Certified Real Estate Appraiser. The Real Estate industry is full of secrets and misconceptions that have carried on for years on both the appraiser and agent side. There are many professionals that are able to achieve superior financial gain by misleading their clients and other professionals, the ones who are honest and at times more qualified are unfortunately not always able to counter these misleading representations. Our company eValuePort is striving to bring back the trust and inform buyers and sellers of these misconceptions. I think it's time to get the trust and service back in the Real Estate Industry.
I'm an Agent from Missouri and unfortunately their are alot of "Agents " that could care less about their clients . Sadly, the only concern of theirs is the $$$. That's just the cold hard truth ...doesn't matter where your from. I myself wouldn't be able to rest at night if I knew their were issues with a piece of property I was selling and it wasn't disclosed on the disclosure statement . Thank God for Inspections ! :)
Barbara Corcoran is my hero
Good informative Video!!
Great video. Very true about a lot of things. Have run into some of the real estate agents mentioned myself. But I know that there are great real estate agents out there,you just need to find one.
It is not easy to be a Real Estate Agent for more than15 years. You need a lot of professionalism, persistence and many more... There are excellent customers and other ones that aren't easy to deal with, but, no matter what difficult it can be, I love to be a Realtor!
Real Estate Broker Working For You ,just true real estate Business is just unique and very difficult business in the world..
Wow, imagine everyday dealing with agents like this. I'd be out of the business. Its people conducting themselves like this that give all of us a black eye. People viewing this please know that not all of us are like this. Trust your gut, if he seems like a hustler, move on to someone you feel is trustworthy.
Barbara Is TOP NOTCH !! I’ve taken all of Barbara’s amazing advice and jumped out of my comfort zone! I took that advice and expanded my Agency into a new revenue stream. I even started a CZcams Channel to document my journey help others with what I have learned! Thanks Barbara, I own you!
I think you meant to write, owe you. This is why you need me for proofreading. PM me for reasonable rates.
Thank you so much for these information about real estate agent. I really need it. I am looking for info about it and the best videos I watched came from this channel!...Continue your good work...👌✌
At least they were Honest! I always say it is better to hear sour Truth than sweet Lie!!! I am Real Estate Agent and have no "filter" so I will tell you the truth not to hurt your feelings, but to keep you safe. People, this business is not only about making money, but it is about helping people also!
0:48 - I don't know about the pink lipstick...Totally clashes with his tie.
Real estate's a tough game.
1st London Realtors , yes, it is.
Yes, Calling all agents what is the real truth with Homes.com Zillow, Trulia, Movato, Refn, etc. Is this true marketing or Soak the salesperson scam??
lol the creative LINGO cracks me up. go on craigslist you see all kinds of crap trying to be sold labeled as a "cute little cottage" or "quaint bungalow"
I've been on all sides of the real estate transaction - buyer/seller/agent/service-provider - the video is true...a *significant* number of real estate agents are salespeople first and foremost - the industry breeds them..."top sales agent" - "top transaction agent" - "top gross commission agent" et al. Sell, sell, sell...
I'm surprised at some of these comments. I'm a Realtor. Yes, an unscrupulous, dishonest agent might try to do something unethical, but there are laws in place to protect the homeowner and buyers. If you are dishonest or unethical you can lose your license or even go to jail! Realtors (not every agent is a Realtor) voluntarily submit to a higher code of ethics by joining a local Real Estate Board, where they can be fined or lose their status of good standing if they act in a manner that is not in the best interest of their client. The contract between you and your client states clearly that you are bound by law to represent their best interest, not yours, not the buyers and not any other person. In addition EVERY OFFER is required to be submitted to the Seller. I don't know where all these people practice real estate. Maybe they're all in NY. Wherever it is, I'm glad I don't live or sell real estate there! This is flat out false.
Integrity, the most important thing when you choose a realtor to represent you.
This shows the other side of the business. All of the scenarios talked about here has happened to me...stubborn sellers; overpriced house; buyers having zillow as their guide, gives me more work since information on other real estate websites are misleading. If you are a great real estate agent, you will survive all these minor annoyances. Every business has them.
Folks - now that you know these secrets - choose an agent who is honest!
Buy low sell high?
BigDCoins , if you can...
Very informative. I didn't know that a realtor didn't have to tell you about all offers made on your home. That's just dirty pool.
I feel so much better now that i saw that my job doesnt suck only in my country, but worldwide
The U.S. real estate industry is fascinating, i always keep on eye on not the just the market but the marketing techniques too.
wow imagine what those retaliators are saying
Not trying to make a killing, trying to survive. The average agent makes $40,000/yr.
This is high stakes real estate, not everyday suburban sales in the rest of America.
Keeping a listing up after it’s gone is unethical.
"the biggest ethical issue i see, is dishonesty" am i the only one who laughed
Well made, good information for beginners. The reality is that it is a numbers game, you have to look at a lot of lemons to find a Sherry. Good due diligence in this economy is essential.
Good stuff about realtors. Unfortunately most realtors don't even know how to run comparables on the MLS. I can't wait to be a Broker and a very good one.
***** I have spoken to a handful of Realtors and Brokers and was not very impressed. They are just trying to sell like any sales person. Only a very few dedicate themselves to being a Realtor. I was shocked of how many crooked Brokers and Realtors I meet this year. The people who have been in real estate warned me about this and they where not kidding. Most Realtors and Brokers are almost the same.
This is great and we love Barbara! These are some great success tips, so we had to share.
This is not a realistic picture of agents. I was hoping for something real. It can actually be a lot worse and a lot better. This is a misleading compilation of snap shots taken out of context.
Love this perspective of how Real Estate is now.
I think it's hard to trust anybody
This was a very interesting episode, but does not portray all what a GOOD Realtors can do for you. We do negotiate for the Buyers and Sellers. Fiduciary duties are a must. In regards to the 'Open House' is really for the agent....That was entirely misleading in this article. Agents hold an open house for the benefit of the Seller first...the Seller's come first . At least for this realtor it does. It's another way to promote the Seller's home! Yes, an open house can bring forth a possible client for the Realtor, but the promotion of the home is first. In regards to home inspections...Caveat Emptor "buyer beware" should be curbed by the use of a GOOD realtor. Home Inspections are a must! Everything that encompassing the heart of a home should be inspected by a qualified person. We GOOD Realtors are constantly surfing the net for our clients to bring things that are of material effect to the fore front. In Tucson we work differently it looks like. I have no idea what this 'Shark' mentality is here in this episode. I treat all fairly, regardless of what side you are on. It should be note that I have had the opportunity to speak with New York-Manhattan Realtors that have since retired here in sunny Arizona and have decided to continue on the path of Realtor... Many comments have been made that reflects the Realtors here in a good light if I am being told "You folks do a lot here." "Why yes we do." Tucson Realtor, Tucson Proud!
Interesting video. Barbara Corcoran is amazing
Great insider trips!
1.) not all Realtors are nearly as unethical as portrayed by those in New York's cutthroat market
2.) stigmatized property disclosures are NOT mandatory in all states, as claimed in the video.
Pls give me advice for if owner doesn't want to service money after sold his or her house. What should I do? Sorry my bad english
This was a very "Eye Opening" video. But if you don't feel like dealing with a shark, and you'd prefer to speak with a genuinely, honest, human being; A beautiful Las Vegas vacation home just went on the market, and it comes with an incredible deal. Interested? Type in, "Handsome Cowboy Sells Himself." Enjoy.
Great video, I agree with most of the points all these top agents mention. I like to be up front with my clients and set the expectation from the beginning.
As it was mentioned. In the video... Honesty is the holy grail of the realtor. The last thing you want to have is a potential buyer thinkibg at night about something you forgot to mention...
I'm a firm believer that the good of anything will out weigh the bad especially in real estate. ..people are more educated now and simply check your answers to every question asked.
I was interested in a home i seen on a realty site. When i went to the location it was partially burned. Is a partially burned home worth repairing? How much discount should i seek? Can i dodge the real estate agent? She mentioned the owner dealing with insurance company.... i appreciate it...
This gives agents like me a bad wrap. The first male agent is on the show Million Dollar Listings and has to be a shark to succeed in New York. However, I like to believe that agents are taught fiduciary duty and stand by that code.
Realtors in the state of AZ are required to submit ALL offers whether in writing or verbal.
I am always interested in how the us property market differs to our UK market
Some really good information for home buyers and sellers in this video.
Does a seller have to pay the listing agent AND the agent that brings in the buyer?
where can i find this full episode?
After Watching this I got to step up my game! Good Stuff!
It
all depends on the city and state you are in. There are many agents/realtors who do exactly what she said. About holding back offers from the sellers. I think it is time that the sellers know the truth.
Forwago worked for me too!
a very good insight in real-estate
Great information. Thanks for sharing!
You do NOT have to tell the client if someone dies in the house only if they ask. As for the termites and mold you MUST tell them.
No more corrupt realtors please.
It is amazing some of the things you find in the real estate business and the things people do to try to get you to buy a house very interesting.
Barbara is pure greatness
Jim
0:45 Would you want a guy who wears lip stick to be your agent?
Its the color of his gums showing. Fuck all the way off.
I wouldn't care if he wears lipstick or not, if he is a good agent that would be my only concern
John Mcdade Not to argue. But look closer. It isn't his gums.
its not lip stick its legit the color of his lips just warning you there are people on this planet with odd colored lips dont be scared its okay
John Mcdade This just got really funny.
I'm sure there are "shysters" out there but as a Realtor in Oklahoma, if I had to resort to some of these shenanigans, I wouldn't be in the business.
also another thing that pisses me off is the ads i see for "rent to own" i am someone into only renting homes at this point in my life because i like to move and there is always some stupid real estate agent trying to get me to buy through "RENT" to own programs when that is not an option for me!
HEY LOOK ITS BARBARA KOOKERAN !! 🖐😀
I like your tips of real estate business ..i really folllow it…
Ryan, NO, you don't have to tell them someone died there. Death in a property is NOT an adverse material fact. I love your stuff and I wish I were as good looking as you, but my small guess is that I'm selling real estate in Montana and I know a smidge more than you do about real real estate.
Another unethical real estate agent.
This is not true at all in Hawaii. We do have termite inspection, it is mandatory unless buyer refuses it. This site makes real estate firm look bad.
do not buy a fixer upper property. chances are they're spending minimal money to cover up (rather than to fix) the underlying problem. the home inspector will not be able to see through the cover up. you're definitely not going to know what the underlying problem is until it's too late. // and never buy an auction property as they never let you see the inside. repairs can double the cost of purchase.
Nice work.. This information is very useful for real estate agent. Thanks for sharing with us.. :)
Great Video!
phil dunphy is the g.o.a.t.
Thanks to you. God first then family and then everybody else
Very true and very accurate! Now we will have to come up with more creative terms! =)
4:53 that floor seems to need a lot of TLC