Has anyone attempted to bring Ethics Violations against a Realtor for continually making negative remarks against you?

[JeffSH]

WRT size sf and puffery -
(I used to sell RE at one time btw )
RE agents are often told by their brokers NOT to personally measure a house, because doing so would mean liability for the result. Therefore , unless an agent hires someone to measure, the agent says things like SF is from public records.

Meanwhile, whether it is ignorance or attempt to make house appear larger/better , agents often include the garage in the sf of the living area, double count a detached guest house in the main living sf and then as a guest house, call an above ground pool a pool and so on.

Meaning buyers are often not well informed wrt what they are actually getting, The the CMA prepared by the RE agent is a fantasy, cherry picked superior sales shown to buyer to convince they they are getting a good deal.

You're implying that buyers can't tell the difference between a 1,600 sf home and a 1,900 sf home. They need to read it on a computer screen. You guys are so hung up on real estate agents and their list prices.

 

[J Grant]

I feel kinda sorry for RE agents now. IF we are having a tough time dealing with this market, so are they. Must be incredibly hard for them to get a listing .and frustrating to have your buyer make an offer and be beat out by others.

I even read in a few areas, potential sellers are making RE agents bid cash to get their listing - yikes.

 

[JeffSH]

Can ANYONE...ANYONE tell me what this person is talking about?

"People are VERY WILLING to use someone eles's money (the lender) to buy a home.

Force their hand by making them insert their own cash into the transaction and many of them run away quickly.

They know if things go upside down they can file BK and walk away (or stay in many cases for free).
The appraiser is the bad Guy/Girl for even suggesting the home in contract might be overpriced."

Why would future bankruptcy ever be discussed in the appraisal practice. Who would refer to the lending system as 'someone else's money'. Put this on an appraisal lol.

 

[Bobby Bucks]

We appear to be graced by the presence of an idle time blessed guru taking time out from a busy schedule to enlighten the great unwashed.

 

[Jayjay25]

People don't give a crap about the dollar amount, it's all just an equation based on the monthly payment. People want to buy the best house that they can afford. People can afford more now, and basic supply/demand econ 101 principles says that low inventory means higher prices.

How can you say people don't know what they are buying and that the market is being irrational? So

This means that in order for homes to appreciate, people need to overpay for them. I don't agree with that logic

Not overpaying, creating a market.....

 

[Russ Kitzberger]

The local Association of Realtors has a few statements that talk about not talking or communicating negative comments about other real estate professionals in the association.

If you are a member of the association, covered under the ethics, then open a mediation. That is one of the reasons to be a REALTOR member and even more so to be designated by NAR.

 

[Alsie35]

There are a couple of Realty offices in my town that believe that they have the right to talk about appraisers in a negative light because they don't always agree with the contract prices they arrive at. I know that is as old as time, but when they constantly throw appraisers under the bus, even to people that are related to you. What tactics have you used in the past to shut that down? The local Association of Realtors has a few statements that talk about not talking or communicating negative comments about other real estate professionals in the association. It is part of their Ethics Rules, and I wonder if that would be a good way to at least start.

Right now the sales are going up very fast in our area, and I am finding many of the Realtors are not doing a CMA, just putting a number on the property without doing any market research. Due to the lack of product, people are just going under contract without any knowledge of the market because the Realtors are to busy to do their jobs. There are people getting into the real estate business without being properly trained and they get upset when the appraiser doesn't agree with them. Sorry that this has made it way into a rant, just tired of being thrown under the bus for doing my job based on guidelines the Realtors don't have to adhere to.

At some point the "over-exuberant" frenzy BECOMES "the market". I think we are at that point now. Yeah, its a pain calculating time adjustments (do some of us even remember how to do it correctly I wonder? ) ... but ... the market IS what the market IS.

We are not Gypsy fortune tellers with a crystal ball - we are appraisers. Sure the market will eventually go down (it always does). But if your data shows you a rising market, don't fight it, dammit. It IS what is IS.

Your job as an appraiser is to accurately "read" The Market, not to read "tea leaves". (Enough mixed metaphors for y'all? )

 

[Tru Red]

We appear to be graced by the presence of an idle time blessed guru taking time out from a busy schedule to enlighten the great unwashed.

Jeffrey I presume........... I think someone is off their meds today.

 

[Tru Red]

"People are VERY WILLING to use someone eles's money (the lender) to buy a home.

Force their hand by making them insert their own cash into the transaction and many of them run away quickly.

They know if things go upside down they can file BK and walk away (or stay in many cases for free).
The appraiser is the bad Guy/Girl for even suggesting the home in contract might be overpriced."

Why would future bankruptcy ever be discussed in the appraisal practice. Who would refer to the lending system as 'someone else's money'. Put this on an appraisal lol.

The lending system is using someone else's money.

 

[JeffSH]

Jeffrey I presume........... I think someone is off their meds today.

Please continue explaining how buyers factor bankruptcy fraud into their purchasing decisions. It's very interesting.