How Accurate are Real Estate Listings on Websites?
They are NOT accurate at ALL. The Property could sell before you even see the Listing. Realtors will Keep it on the Site on purpose as Bait to get another buyer. Also if you Put your Real Estate for Sale on Several Online Sites, it is VERY hard to go back and Delete them all and Hey - it's FREE publicity.
I have EVEN seen Realtors put Signs on Property that are NOT for Sale and When Someone Calls they Say it Sold, and they conveniently Find them Something Else.
Realtors deliberate enter false or misleading data sometimes, or sometimes don't enter the listing at all to "hoard it". Some say that this is NOT still happening .... IT is..
It is IMPOSSIBLE to
"Clean Up the 'Realtors" Industry" And I SEE no measures in Place by the National Association of Realtors do Really Even Try. Ethics are NOT Law and Realtors Don't EVEN follow them, no ONE is looking and even if they do get caught in Lies, they are Self Policed so NO Trouble getting through that one.
Try Harder, take another meaningless Class. Realtors Lie Every Day, Realtors have NO One Looking over their Shoulder. Some think that Brokers watch over Agents "Realtor" Brokers don't care. I once called a managing Broker on a Very Serious deal that ended up in a Seller Losing a Good Deal and a Lot of Money.
The Managing Broker (Realtor) said
" I can't help you - I am on the Grievance Committee" - How can a Managing Broker be on a grievance committee ?
Doesn't it Limit them being able to Supervise their "Realtors"? This is ONE example, There are hundreds and most likely thousands, where Realtors, Brokers, DO Not care if agents in their office VIOLATE ethics or Break the Law.
I have called my local MLS office on Violations, information on Fraud, information on inaccurate MLS Data, information on "Realtors" - agents working for more than one office, information on agents lying about Known Defects to the Point of Sellers losing everything, and THEY offered no belief No Support.
Realtors are Self Governed. They decide their own fate, they decide who "gets in trouble" for what, and if any Harm was Really Done and to Whom. You can Just Imagine How that Plays Out. And if you go to the State Real Estate Commission about a Realtor they wash their hands of it - because they DO NOT have the Money, Lawyers, or Political Power to Stand up to the Local, State or National Association of Realtors. - You Lose.
If you Get an Attorney, a Real Estate Attorney to Fight for You, if you KNOW and Can prove without a Doubt that a Realtor lied or concealed a "Known Defect" - Latent Defect - or Adverse Material Fact" than you will think, as a Real Estate Consumer that you will have Recourse and that Justice Will be Served.
It Will NOT be served.
The "National Association of Realtors" and Local Real Estate Boards encourage Realtors and some states Even Mandate Realtors to Have E and O insurance. They "pretend" that, and convince us Real Estate Brokers and You Real Estate consumers that a "Realtor" having E and O insurance is good for real estate Consumers. It is Simply NOT True.
The E and O insurance that YOUR Realtor has is
intended to Protect Your Realtor from you. So even if you Know and Can Prove without a Doubt that Your Realtor Lied about something in, on or around your real estate transaction and you can Really Prove without a doubt how much it Harmed You.
So In this the E and O insurance company will FIGHT YOU for Years, and EVEN though you have Black and White, without a doubt Proof the E and O insurance, the Realtors will Prove that Somehow it was you, the victim of real estate fraud, your fault. They will keep you in court for years, take precious years from your family, you will live in debt and stress because of the Realtors LIE, you Have Proof -
and No One Will Care. And in the End you will most likely Give up, Because the Association of Realtors is Big Business and Protecting the Real Estate Consumer is NOT the Business They are in.
It is
Even Worse if the Agent is Century 21, ERA, Coldwell Banker or Sotheby's Because they are ALL owned by the Same Billion Dollar Company and they can FIGHT for a Decade.
The Association of Realtors DOES nothing to Protect YOU the Real Estate Consumer, they are Out to Protect the "Realtors" - all the while claiming you had better not use the Word Realtor to Describe a Profession... this - they say is a Trademark Violation. The NAR is scrambling to Stay Relevant in the Internet Age and they Are Hurting the Real Estate Consumer in the Process.
the Solution? The Only Real Estate Insurance you Have is Knowledge. Subscribe to My Real Estate Whistleblower Blog and Find out What you Really NEED to Know About the Real Estate Industry. www.SavvyBroker.com
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