Comments on: Excellence Comes Standard. Frankly Client Bill of Rights, From The Real Estate Gadfly http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html Tue, 02 Mar 2010 02:11:05 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Chapel Hill Real Estate http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-4294 Chapel Hill Real Estate Fri, 25 Dec 2009 20:21:34 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-4294 Frank, I love this. I have always worked this way. What is brillent is that you wrote it down and you are telling the world. I am going to follow your lead. Frank, I love this. I have always worked this way. What is brillent is that you wrote it down and you are telling the world. I am going to follow your lead.

]]> By: Adam Gallegos http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2108 Adam Gallegos Thu, 26 Feb 2009 15:15:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2108 Thanks to inspiration and assistance from our friends a Frankly Realty we have created a similar guarantee for the clients of Arbour Realty. You can download our guarantee by clicking here:<br/><br/>http://www.arbourrealty.com/files/ArbourRealtyUnconditionalGuarantee.doc.pdf <br/><br/>-Adam Gallegos | Arbour Realty Thanks to inspiration and assistance from our friends a Frankly Realty we have created a similar guarantee for the clients of Arbour Realty. You can download our guarantee by clicking here:

http://www.arbourrealty.com/files/ArbourRealtyUnconditionalGuarantee.doc.pdf

-Adam Gallegos | Arbour Realty

]]> By: Gary Herbst http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2107 Gary Herbst Fri, 23 Jan 2009 17:20:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2107 It is misleading, unethical, and fraudulent for a buyer's agent working for a company which lists property for sale to call themselves an exclusive buyer's agent, whether or not they use an exclusive right to represent buyer agency agreement. That agent is a non-exclusive buyer's agent utilizing an exclusive right to represent agreement. This means that the buyer is locked in to using that agent in buying any home from any source, including a home listed by that non-exclusive buyer agent's own company, which would lead to dual agency. <br/><br/>Very good for that agent, not so good for the buyer. That non-exclusive buyer's agent then stands to collect a double commission for half the work, while the buyer is essentially on his or her own to negotiate price and terms, and uncover any physical, functional, or locational drawbacks.<br/><br/>The only way a buyer can receive 100% undivided loyalty and full representation and protection on any home without the threat of dual agency is to work with an exclusive buyer's agency- a company which represents buyers only, and never lists property for sale.<br/><br/>Gary Herbst, Exclusive Buyer's Broker It is misleading, unethical, and fraudulent for a buyer’s agent working for a company which lists property for sale to call themselves an exclusive buyer’s agent, whether or not they use an exclusive right to represent buyer agency agreement. That agent is a non-exclusive buyer’s agent utilizing an exclusive right to represent agreement. This means that the buyer is locked in to using that agent in buying any home from any source, including a home listed by that non-exclusive buyer agent’s own company, which would lead to dual agency.

Very good for that agent, not so good for the buyer. That non-exclusive buyer’s agent then stands to collect a double commission for half the work, while the buyer is essentially on his or her own to negotiate price and terms, and uncover any physical, functional, or locational drawbacks.

The only way a buyer can receive 100% undivided loyalty and full representation and protection on any home without the threat of dual agency is to work with an exclusive buyer’s agency- a company which represents buyers only, and never lists property for sale.

Gary Herbst, Exclusive Buyer’s Broker

]]> By: FRANK LL0SA Broker http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2152 FRANK LL0SA Broker Thu, 12 Apr 2007 00:23:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2152 Hey "Anonymous",<br/><br/>I love it when people use "Anonymous" and "little birdy."<br/><br/>Are you a jealous agent or a non-agent with an agent friend? <br/><br/>To answer your questions, YES!<br/><br/>You got me!<br/><br/>I did 6 Dual Agency deals in the past. <br/><br/>But not since I implemented a new policy forbidding it!<br/><br/>They suck and I vow to no longer do them, as it doesn't help my client who expects me to represent THEM. Think about it. As the middle man, each side wants to ask you questions and you have to say "I am here to only shuffle papers back and forth and I can't give you any opinions."<br/><br/>Meanwhile the buyer thinks you are secretly telling the seller things and they don't trust you. Hell I wouldn't trust an agent doing dual agency either.<br/><br/>Again, in some states it is illegal... I wonder why??<br/><br/>Frank Hey “Anonymous”,

I love it when people use “Anonymous” and “little birdy.”

Are you a jealous agent or a non-agent with an agent friend?

To answer your questions, YES!

You got me!

I did 6 Dual Agency deals in the past.

But not since I implemented a new policy forbidding it!

They suck and I vow to no longer do them, as it doesn’t help my client who expects me to represent THEM. Think about it. As the middle man, each side wants to ask you questions and you have to say “I am here to only shuffle papers back and forth and I can’t give you any opinions.”

Meanwhile the buyer thinks you are secretly telling the seller things and they don’t trust you. Hell I wouldn’t trust an agent doing dual agency either.

Again, in some states it is illegal… I wonder why??

Frank

]]> By: Anonymous http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2151 Anonymous Wed, 11 Apr 2007 05:26:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2151 Frank, a little birdie told that you've had nine transactions yourself in the past 2 years (most recent was Sept 2006, I hear) where you appear to have represented both the buyer AND the seller...hmmm. Sounds like "dual agency" to me...do you see it diff? Frank, a little birdie told that you’ve had nine transactions yourself in the past 2 years (most recent was Sept 2006, I hear) where you appear to have represented both the buyer AND the seller…hmmm. Sounds like “dual agency” to me…do you see it diff?

]]> By: million http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2150 million Wed, 04 Apr 2007 17:23:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2150 Frank,<br/><br/>What's up w/ condos in north Arlington?<br/><br/>Zoso is a rental now.<br/><br/>1800 Wilson and Hawthorn had 25 and 35 units, respectively, returned at delivery. <br/><br/>What's next? Corus et al cut off financing to Palatine or any one of the several still-under-construction buildings? Frank,

What’s up w/ condos in north Arlington?

Zoso is a rental now.

1800 Wilson and Hawthorn had 25 and 35 units, respectively, returned at delivery.

What’s next? Corus et al cut off financing to Palatine or any one of the several still-under-construction buildings?

]]> By: FRANK LL0SA Broker http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2149 FRANK LL0SA Broker Fri, 30 Mar 2007 05:15:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2149 Hey Anonymous, <br/>Email me directly and I can find you one. <br/><br/>What I'd do is go to ActiveRain and find a home stager and work backwards. A good home stager will know of a great agent that "gets it."<br/>Good luck!<br/><br/>Frank Hey Anonymous,
Email me directly and I can find you one.

What I’d do is go to ActiveRain and find a home stager and work backwards. A good home stager will know of a great agent that “gets it.”
Good luck!

Frank

]]> By: Anonymous http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2148 Anonymous Thu, 29 Mar 2007 16:30:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2148 Please, please recommend someone like-minded in CT. The agents I have met are uniformly slimy BS artists who quote Lereah (aka Mr sees-more-bottoms-than an OB-GYN) and have the IQ of oatmeal. Please, please recommend someone like-minded in CT. The agents I have met are uniformly slimy BS artists who quote Lereah (aka Mr sees-more-bottoms-than an OB-GYN) and have the IQ of oatmeal.

]]> By: million http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2147 million Fri, 16 Mar 2007 21:16:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2147 the thing i really really dislike above all else but realtors still publish it on every single flyer that arrives in my mailbox...<br/><br/>"the seller pays my commission"<br/><br/>that's probably the line i hate the most. even worse than the "priced out forever" and "it's a great investment" taglines. the thing i really really dislike above all else but realtors still publish it on every single flyer that arrives in my mailbox…

“the seller pays my commission”

that’s probably the line i hate the most. even worse than the “priced out forever” and “it’s a great investment” taglines.

]]> By: FRANK LL0SA Broker http://blog.franklyrealty.com/2007/03/client-bill-of-rights-can-your-agent.html/comment-page-1#comment-2146 FRANK LL0SA Broker Mon, 12 Mar 2007 14:31:00 +0000 http://franktempblog.wordpress.com/2007/03/06/excellence-comes-standard-frankly-client-bill-of-rights-from-the-real-estate-gadfly/#comment-2146 Actually NAR published that the national average is actually 5%.<br/><br/>As for DOMP manipulation, did you read about it in BusinessWeek? That was from (in part) my blog and the information that I exposed to him.<br/><br/>Also I just had a listing with 356 days on the market (long and blogworthy). I didn't adjust my DOMP or DOMM once!<br/><br/>And once I took over a listing from another agent that had it for 250+ DOM, the system accidentally reset everything to zero. I emailed the MRIS to tell them to INCREASE the DOMP back to 251, show me one agent that does that! Actually NAR published that the national average is actually 5%.

As for DOMP manipulation, did you read about it in BusinessWeek? That was from (in part) my blog and the information that I exposed to him.

Also I just had a listing with 356 days on the market (long and blogworthy). I didn’t adjust my DOMP or DOMM once!

And once I took over a listing from another agent that had it for 250+ DOM, the system accidentally reset everything to zero. I emailed the MRIS to tell them to INCREASE the DOMP back to 251, show me one agent that does that!

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