sgip
Well-known member
This week I've had two buyers offers rejected without a counteroffer - only crickets from the listing Agent. Another buyer is being mistreated (their words, not mine) in a dual agency situation. Another buyer still has been told "all offers are in", but when a different Agent calls to see if the home is off market, it's all "come on in, the water's fine!" and told to send in their offer.
This level of less than consumer friendly behavior is common when sales are easy. Once sales become difficult, thankfully most of these agents are bounced out - as they were in 2007-2010. Unfortunately, a great number of home buyers and sellers get run over in between the good and the bad times.
If you were able to make one change to the industry that would make the buying or selling process more open, transparent, or able to make the industry itself better, what would you want done?
My wish - The NMLS licensing system has a much more rigorous standard than those requirements found to obtain a Real Estate license. If you have a BK, foreclosure, or other significant credit issues, your license is in trouble. Additional training every year in some cases is needed to keep your license current - not so with Real Estate Agents.
Raising licensing requirements to the same level as the NMLS has for LO's would be a huge step in the right direction, winnowing out some of the problem agents as it has done in the mortgage industry. There still are plenty of cutting to do, but not as much as before simply because of rigorous licensing standards.
What say you?
My .02c
SGIP
This level of less than consumer friendly behavior is common when sales are easy. Once sales become difficult, thankfully most of these agents are bounced out - as they were in 2007-2010. Unfortunately, a great number of home buyers and sellers get run over in between the good and the bad times.
If you were able to make one change to the industry that would make the buying or selling process more open, transparent, or able to make the industry itself better, what would you want done?
My wish - The NMLS licensing system has a much more rigorous standard than those requirements found to obtain a Real Estate license. If you have a BK, foreclosure, or other significant credit issues, your license is in trouble. Additional training every year in some cases is needed to keep your license current - not so with Real Estate Agents.
Raising licensing requirements to the same level as the NMLS has for LO's would be a huge step in the right direction, winnowing out some of the problem agents as it has done in the mortgage industry. There still are plenty of cutting to do, but not as much as before simply because of rigorous licensing standards.
What say you?
My .02c
SGIP