In Indiana, are real-estate agents required by law to represent ONLY the buyer or seller as appropriate.
Are there professional standards?
We are nearing close and are finding out some things that "make me very angry".
Laws? Yes, there are professional standards. Just remember that lawyer's and president's take oaths also. You need to ask yourself if you have ever broke the law. Seems like laws are made to be broken. I hope this deal works out to your advantage.In Indiana, are real-estate agents required by law to represent ONLY the buyer or seller as appropriate. Are there professional standards?
We are nearing close and are finding out some things that "make me very angry".
Good luck, I've never met a realtor that brought much to the table other than a desire for their 3% cut. Every house I've bought I have found it, I negotiated the price, I paid for an inspector, and I wondered why I was paying some glorified used car salesman to run the standard paperwork that he learned about on his weekend seminar to get licensed so he can hose me for 3% of the homes value.
The bottom line is that a realtor can't make you like a house enough to buy it. They can't tell you what you're willing to pay for a house, and beyond pointing out any obvious or glaring faults they're just going to tell you to have an inspector come out to verify it's condition so they shrug off that liability too.
If you can't tell I'm not a big fan of realtors and I put their profession in the same category as lawyers and career politicians. I'd love to learn how you can keep them honest and accountable. Hopefully you're having better luck than I am.
Good luck, I've never met a realtor that brought much to the table other than a desire for their 3% cut. Every house I've bought I have found it, I negotiated the price, I paid for an inspector, and I wondered why I was paying some glorified used car salesman to run the standard paperwork that he learned about on his weekend seminar to get licensed so he can hose me for 3% of the homes value.
The bottom line is that a realtor can't make you like a house enough to buy it. They can't tell you what you're willing to pay for a house, and beyond pointing out any obvious or glaring faults they're just going to tell you to have an inspector come out to verify it's condition so they shrug off that liability too.
If you can't tell I'm not a big fan of realtors and I put their profession in the same category as lawyers and career politicians. I'd love to learn how you can keep them honest and accountable. Hopefully you're having better luck than I am.
If an agent is representing both parties, they have to get written consent from both parties or they are breaking the law.
What happened?
It helps by not insulting them before you get to know one.
I know a few. I have an uncle who is a realtor and the other guy I used has used several times by family members to buy & sell houses. Maybe they were just bad, even though one of them was one of the highest earning realtors in NE IN.
Not trying to completely bash realtors, but lets call it what it is. If I find the house online, and negotiate the price then what value did they add besides knowing the combination to the lock on the door and knowing what papers to have me sign that were generated for them to hand out by the company they work for.
You can be mad at me all you want and we'll just have to agree to disagree on this but I just don't see what value they add to the process that merits 3%. If it was a $500 to $1,000 fee I'd say it's much more reasonable, but when they do nothing other than help me into a house and I have to do the rest, I don't feel like they've worked hard enough to earn my money.
I know a few. I have an uncle who is a realtor and the other guy I used has used several times by family members to buy & sell houses. Maybe they were just bad, even though one of them was one of the highest earning realtors in NE IN.
Not trying to completely bash realtors, but lets call it what it is. If I find the house online, and negotiate the price then what value did they add besides knowing the combination to the lock on the door and knowing what papers to have me sign that were generated for them to hand out by the company they work for.
You can be mad at me all you want and we'll just have to agree to disagree on this but I just don't see what value they add to the process that merits 3%. If it was a $500 to $1,000 fee I'd say it's much more reasonable, but when they do nothing other than help me into a house and I have to do the rest, I don't feel like they've worked hard enough to earn my money.
If that's the case, then take the "weekend class" as you mentioned above and do it all yourself. You'll save yourself the 3.5%. Or you can negotiate a reduced fee for it all up front with an agreeable Realtor or more likely a broker.
He isn't paying them.
If that's the case, then take the "weekend class" as you mentioned above and do it all yourself. You'll save yourself the 3.5%. Or you can negotiate a reduced fee for it all up front with an agreeable Realtor or more likely a broker.
Wow, all the experienced realtors here and you're sure I didn't pay anything for realtor fees. I guess that wasn't a factor for the sellers of the houses I've bought and it wasn't a factor in setting the prices for the houses I've sold either. Then again why let facts get in the way. I guess using that flawed logic Obamas stimulus didn't cost us anything either. Whatever, I guess if I were a full of BS realtor I'd buy your logic.
Because there's only so many hours in the day. I don't have enough time to do everything out there to save me money and still have time to take care of my full time job and family. If I did, I'd also be a plumber, electrician, etc. I don't care for used car salesmen either, but they're a necessary evil also. I'm not trying to say realtors don't have a place, they do, its just not worth 3.5% if all they do is unlock the door and fill out the same old routine paperwork.
I know a few more than you. And I know better than to say the few jackwagons and idiots with whom I've done business across the years represent the entirety of the pool of REALTORS.