Buyers have an absolute right to know how much money is being offered to their agents before buyers are shown homes and possibly advised to buy homes with larger buyer agent payouts. Keeping buyers in the dark is costing them $30 billion annually.
Consumer Alert – We found the following problems with Edina Realty’s listing practices contained in a 2011 listing contract provided to us (we appreciate a newer copy if you would like to send us one). This list is not meant to be comprehensive. 1. Anti-consumer Marketing Practices. Edina Realty excluded most of their clients’ listings … Continue reading “Minnesota Consumer Alert – Edina Realty”
1. Should you buy a home through a seller’s agent (click here to read). By Marcie Geffner at HSH.com 2. FHA PFS Program Changes (click here to read). Biggerpockets.com 3. HUD postpones the ban on the dual agency in FHA short sales (link removed from host site). This is one of many reposts of the … Continue reading “Sampling of News and Blog Articles in Which CAARE was quoted (new section)”
To avoid another foreclosure crisis, we need to ensure that consumers are receiving the advice and counsel for which they have contracted. A study is needed to determine the frequency and role of dual agency in foreclosed properties. Lenders should be particularly concerned about dual agency.