Newsgroups: alt.invest.real-estate
Subject: Re: How to deal with a real estate agent?
From: "ACIM Files" 
Date: Fri, 7 Nov 2003 02:54:48 GMT


On  6-Nov-2003, ehcorp1@lycos.com wrote:

> I agree that selling brokers are 100-times more valuable than the
> listing broker ... after all, does the seller want/need a *listing* or
> a buyer?

A seller wants a buyer but couldn't find one so they hire a listing agent.
If they call a buyers agent, the buyers agent will transform magically into
a listing agent. Duh.

> One of the few vultures in my county that isn't licensed is a good
> buddy so I list all his inventory on the MLS and they ALL SELL.

You're in fantasy land. Most vultures are felons who can barely read or
write never mind hold a license.

> Imagine a listing agent (me) that dislikes the entire brokerage game
> yet all my listings sell.  Does the name of the listing broker matter?
>  Hell no!  Is paying a 3% listing-office-commission a big waste of
> $$$$ ~ of course it is.  Anyone that pays a 3% LOC fee is a moron ~
> period.

Then the buyer cuts out their range of choices by over 85%. You buy a
vulture home you get a home that looks good on the surface but wait till you
live there for a while. All the stuff they polished up begins to fall apart.
Then what do you do? They're not licensed. They're all protected under
LLC's. Anyone who (knowingly) buys from a vulture is a moron. They of course
mislead buyers into thinking they're a private owner.