Real Estate

‘Too many weekend warriors.’ How a flood of real estate agents are hurting homebuyers

Do too many agents spoil the real estate pot? The Consumer Federation of America thinks so.

Roughly 1 million agents and brokers compete for the country’s 5 million to 6 million annual house sales, resulting in high commission rates and poor service, according to a recent report from the consumer group.

”A large majority of practicing real estate agents have recently received their license or work part-time,” says CFA Senior Fellow Stephen Brobeck. “These agents usually charge the same commission rates as experienced, full-time agents, yet in general offer worse service and deprive experienced agents of needed clients.”

Brobeck has produced a number of reports challenging the status quo of the brokerage business. Among other things, he has taken on referral fees, dual agents (who unfairly try to represent both buyer and seller in the same transaction) and the “uncoupling” of commissions (allowing buyers to negotiate their own fees).


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Real Estate

BCFSA rules on real estate agent's $50K loan to client

A real estate agent who lent a client $50,000 so she could afford to make a deposit on a property in Richmond, B.C., committed professional misconduct by doing so, according to a provincial regulator.

The B.C. Financial Services Authority, which investigates real-estate-related complaints from members of the public, has concluded that Wei “Vicky” Wang’s loan constituted a conflict of interest, and that Wang had committed misconduct by failing to avoid the conflict and by failing to advise her client of it.

The BCFSA’s chief hearing officer Andrew Pendray issued his decision on the matter earlier this month. It was published online Wednesday

In it, Pendray wrote that the evidence before him supported the conclusion that the $50,000 Wang provided was a loan, and thus a conflict, despite Wang’s arguments to the contrary.


Pendray’s decision came after hearings on the BCFSA’s fifth

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Real Estate

Toronto real estate agents: How to choose one

Buying or selling a home can be a complex transaction and you want the right person with the right expertise to help you.

In Ontario, all brokers and salespeople — I’ll refer to them as real estate agents — must be registered with the Real Estate Council of Ontario (RECO) to be eligible to trade in real estate. So, when you hire an agent, you have some comfort that they will give you relevant guidance, are educated to deliver the advice and services, are insured, and are subject to professional standards and obligations.

Still, choosing an agent is an important personal decision, and there are some steps I recommend you take to find the right agent for you.

First, shop around! Get referrals from family or friends who have used an agent or look for one who is active in the neighbourhood in which you are selling or buying.


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foreclosure sale

Fast Home Sale, Property Agents Vs Fast Cash Patrons

Real EstateEstablished in 1911, Douglas Elliman Real Estate is the biggest brokerage in the New York Metropolitan area and the second largest impartial residential actual property brokerage within the United States by gross sales quantity. (619) 980-2702 Neighborhood Information Yet there are quite a few different options on the Algarve too. As an example, those that want to buy a coastal are though not must pay Algarve costs, there is a Silver Coast. Many individuals don’t understand that finding a house loan is mainly an analogous with acquiring a footwear for girls. In other words, you would wish to search out the top offers prior to purchasing them.

Earlier than taking possession of your respective fully new house, it’s best to have quite a few bills. They vary from the home inspection, deposit, lenders charges and the actual property property lawyer’s costs. Your property agent can define then calculate the charges …

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for rent

How Can The Letting Agents Help You In Making ready For A Viewing?

Real EstateRead the most recent information about residential and commercial actual estate within the Seattle space and Pacific Northwest. Breckenridge was founded on 1859 and can also be well-known through the child with the Tom – a nugget of gold present in 1887 by Tom Groves. This result in the assaults of gold and Breckenridge was ruined thorough as with any other metropolis that mined at those instances. After the assaults above inside the 1900 ‘ early s, Breckenridge was not made case apart from some villagers tenacious that they selected to remain.

Though there are different locations in Miami that offer reasonably priced condos and residential properties, South Seaside never failed to produce an important impression to individuals around it, therefore, making South Seashore probably the most popular place by many traders right this moment.

1. Discover you excessive yield funding property within the US ??? Existence of interior courtyards. …

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