Comments on: Buyer sues agent: Anomaly or tip of the iceberg? http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html Turn On Tue, 22 May 2012 16:45:43 +0000 hourly 1 http://wordpress.org/?v= By: Jon Boyd http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2007 Jon Boyd Tue, 11 Nov 2008 17:01:21 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2007 <p>As it turned out not much came of the case.</p> <p>But in our market the biggest problem is that agents are only designated agents but they tell consumers they are buyer agents. That is where buyers are getting cheated.</p> <p>Regards,</p> <p>Jon Boyd<br /> Exclusive Buyer's Broker<br /> The Home Buyer's Agent of Ann Arbor, Inc.</p> As it turned out not much came of the case.

But in our market the biggest problem is that agents are only designated agents but they tell consumers they are buyer agents. That is where buyers are getting cheated.

Regards,

Jon Boyd
Exclusive Buyer's Broker
The Home Buyer's Agent of Ann Arbor, Inc.

]]> By: Lee Drizin http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2006 Lee Drizin Thu, 24 Jan 2008 12:53:04 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2006 <p>As a real estate attorney primarily engaged in the defense of licensees I am extremely concerned about the implications of this case. In our state the licensee has the obligation to disclose material and relevants facts which the agent knew or should have known about the property. You don't have to be an appraiser to have checked the MLS to determine if there are comparable lower priced units available. </p> As a real estate attorney primarily engaged in the defense of licensees I am extremely concerned about the implications of this case. In our state the licensee has the obligation to disclose material and relevants facts which the agent knew or should have known about the property. You don't have to be an appraiser to have checked the MLS to determine if there are comparable lower priced units available.

]]> By: Robert Luna http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2005 Robert Luna Thu, 24 Jan 2008 10:37:59 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2005 <p>Maria, you are right there is a level of professionalism that should be taken the problem was the dramatic influx of new inexperienced agents not being mentored or properly supervised; some brokers have done an excellent job of mentoring new agents and I would assume they will reap the rewards by not being targeted by this type of litigation.</p> Maria, you are right there is a level of professionalism that should be taken the problem was the dramatic influx of new inexperienced agents not being mentored or properly supervised; some brokers have done an excellent job of mentoring new agents and I would assume they will reap the rewards by not being targeted by this type of litigation.

]]> By: Kevin Tomlinson http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2004 Kevin Tomlinson Wed, 23 Jan 2008 14:42:26 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2004 <p>tip of iceberg.</p> tip of iceberg.

]]> By: Maria P. http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2003 Maria P. Wed, 23 Jan 2008 11:10:32 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2003 <p>My first thoughts was - how much of this are we going to see?<br /> My second thought is that agent is a jerk. Even if you are being sued for not doing due diligence or whatever it is - publicly calling your former clients "nut jobs" is totally unprofessional. </p> My first thoughts was – how much of this are we going to see?
My second thought is that agent is a jerk. Even if you are being sued for not doing due diligence or whatever it is – publicly calling your former clients "nut jobs" is totally unprofessional.

]]> By: Robert Luna http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2002 Robert Luna Tue, 22 Jan 2008 13:10:07 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2002 <p>Bob, I agree and I don't believe this is a first; I would like to see the reports on complaints filed against agents I bet we would also see a spike there.</p> Bob, I agree and I don't believe this is a first; I would like to see the reports on complaints filed against agents I bet we would also see a spike there.

]]> By: Bob Stewart http://1000wattconsulting.com/blog/2008/01/buyer-sues-agen.html/comment-page-1#comment-2001 Bob Stewart Tue, 22 Jan 2008 11:35:38 +0000 http://wp.1000wattconsulting.com/2008/01/buyer-sues-agen.html#comment-2001 <p>Brian,</p> <p>One of our members is a witness in the trial for the defense. She posted something about it on AR (making sure not to say anything other than pointing people to the story). </p> <p><a href="http://activerain.com/blogsview/348425/NY-Times-Story-Feeling" rel="nofollow">http://activerain.com/blogsview/348425/NY-Times-Story-Feeling</a></p> <p>I think this has huge implications (obviously) and should have brokerages scurrying to make sure their files are in order (if nothing else). </p> <p>I think this becomes a huge story and the outcome of the case will set a large precedent should the plaintiff win........Wow......can you imagine?</p> Brian,

One of our members is a witness in the trial for the defense. She posted something about it on AR (making sure not to say anything other than pointing people to the story).

http://activerain.com/blogsview/348425/NY-Times-Story-Feeling

I think this has huge implications (obviously) and should have brokerages scurrying to make sure their files are in order (if nothing else).

I think this becomes a huge story and the outcome of the case will set a large precedent should the plaintiff win……..Wow……can you imagine?

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