I had an experience with a car salesman in the summer that strongly reminded me that the bottom line of sales is measured in units sold, not the good of the customer and it brought into sharp focus some things that have been bothering me about the way real estate is practiced in our culture.
I have come to believe that the first set of hands that a house passes through on its way to market should not be those of a salesman and have begun to entertain a radical proposition – removing...
Caveat Emptor is Latin for “Let the buyer beware.”
Before buyer agency became a thing in the late 90s, all real estate agents had legal obligations to sellers only.
Even when they were working for the buyer.
In the strictest interpretation of the law at the time, when a buyer made an offer at one price but told their agent they would go higher, that agent was legally obliged to disclose that tasty morsel of information to the listing agent.
You didn’t have to have integrity to realize that as...