This entry was posted on Saturday, July 14th, 2007 at 12:12 am and is filed under Lessons. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Site Search:
My views on real estate tend to lean towards cynical, particularly when it relates to Real Estate Professionals. This outlook was definitely influenced by my decision to interact with dozens of Brokers and Real Estate Agents by attending Real Estate School and blog about what I saw.
The undercover blogging was fun, surprising, and I did honestly learn a lot about Real Estate.
I was reading over some of my past posts while working to complete the how to be an agent section of this blog and was amazed at some of the things agents believe and teach others. Here are the ten craziest things I was taught at Real Estate School:
10. Lie to your clients by telling them your broker won’t allow anything you’re too lazy to deal with.
9. Appraisers can, and generally do give inflated and groundless estimates on the value of homes.
8. Agents are encouraged to claim it’s illegal for them to talk to you unless you sign a contract employing them first.
7. Brokers provide next to NO protection to their agents. They’ll take your money, but will pass the blame on to you (and sue) whenever possible.
6. FHA loans increase your likelihood of being treated poorly by your lender.
5. Title Insurance is pointless.
4. Agents will do anything to get their commission, ANYTHING.
3. Most agents try to avoid buying and selling property themselves.
2. Title Insurance is also useless (and will get you sued!)
1. Agents generally do not act in your best interest. They act in their own.
read comments (0)