Showing posts with label Real Estate Disclosure. Show all posts
Showing posts with label Real Estate Disclosure. Show all posts

Real Estate Commission Bonuses - Disclosure ..

Oftentimes there is a Selling Office Or Agent Bonus offered on Particular Properties. This is Not Common Knowledge to the Real Estate Buyer and is quite often Not Disclosed to the Buyer. When it is Time for the Title Company to Pay Out Commission from the Proceeds that the Buyer and Seller Agreed would be the Purchase Price, the Title Company calls the Listing Agent - not even the Broker unless the Broker is the Listing Agent, and with no paperwork - no copy of the listing agreement - no copy of the signed commission agreement - they simply ask how much commission is owed to who, the REALTOR tells the Title Company Closing Agent and it is put on the Settlement Statement, Everybody Gets Paid. And the Real Estate Buyer Never Knows that they were Steered to That property for Sale over a Possible Better Option because the Agent Got Paid More for Selling this One.

Off Course Bonuses are Disclosed to the Seller, most Broker's convince the Seller it is a Good Idea and the Seller pays for the Bonuses. Bonus Commission SHOULD be illegal but they are Not. Bonus Commission on top of the Standard Commission (though Commissions ARE standard, Realtors are NOT allowed to say they are) anyway Bonuses PAID on Top of that 6+ Percent Commisson Makes an Already Over Paid Agent Get Paid even more for Doing NOTHING of Real Value to the Real Estate Consumer.

These Bonuses are NOT generally disclosed to a Real Estate Buyer and this commission should most definately be disclosed to the Real Estate Buyer. The Buyer would then understand why they are being steered to buy one particular home over another. Also these Commission Bonuses affect the Real Value and are Not usually taken into consideration by an appraisal on future Comparable Solds. Though the Appraisers would disagree.

A Buyers Agent May Not Show you ALL the Best Options for you and Your Family to Buy and may steer you toward the Property with the Bonus Offered, So you Should Know.

Sounds Like the Realtor, Broker, oftentimes gives a Selling Agent a Bonus without Telling the Seller. My Experience with this is that most of the time the Real Estate Seller is in on it and pays the Bonus, I mean Come On, the size of some of those Real Estate Commission Bonuses would take away a whole lot of the Listing Office - Listing Agents Commission and they are not selling this stuff for FREE. So I would not worry to much about the Seller Knowing what's going on. Sellers Should really think about this though, a Selling bonuse does get ALL the Realtors stirred up and interested in Selling Your Real Estate vs. Another.

Though undisclosed this is bad for the Buyer, in the Real World of Real Estate this cold be good for the Seller but is not the way things should be. If you Can - Get the Realtor out of Your Real Estate Transaction all together.

The Real Estate Industry is so bad for the Real Estate Consumer, it is Hard to Even Know where to Begin. to Make Things Right.

Who is Cendant - Apollo ? ? ?


About Cendant – Apollo or whoever they are NOW.

Here is another tidbit, Cendant, owns C21, Sotheby’s, Coldwell Banker, ERA, and they also own around 18 percent in Homestore.com .

You see Anti-Trust laws makes no difference, the Realtors don’t disclose the truth to the public and there is not much that seems to be able to be done about it.Cendant owns insurance companies, PC Gaming Companies and they own the Real Estate Transaction, You Can NOT fight them or any of their franchises.

Their money supply is a bottomless pit, and if you try and fight them, even if the really did commit fraud you will lose because they can spend decades in court or in the “discovery” process and you cannot afford this time or money.

Cendant is bigger than the Department of justice, bigger than NAR. But yet dependent on Realtors and the fact of you Not Losing Faith in the Real Estate Cartel.Cendant also owns Days Inn, Ramada, HoJos, Travel Lodge, Trip.com, a large Travel Company and Avis. Cendant owns the largest seller of timeshare condominiums in the world.How in the World Does Cendant get away with what seems like Anti-Trust violations everywhere?

But that’s just my opinion .Cendant also owns relocation companies and work with big corporations like the United States Forest Service to buy homes of their employees before they can sell them and then list them with some local Realtor, unbiased of course. Not true they list within one of the Franchise they own, and that pretty much covers it.Cendant manages corporate vehicle fleets, provide relocation services, and make mortgages.

They provide information technology and reservation services for the hotel industry and for casinos. And perhaps most importantly, from Wall Street's perspective, they own these membership clubs -- Shoppers Advantage and Travelers Advantage and a slew of others -- which consumers pay to join so they can get discounts on goods and services.

And in many cases these are goods and services that Cendant itself supplies, because it owns so much of the travel and real estate services industries.

Isn’t Anyone looking out for the consumer that Cendant’s practices is certainly causing harm to?

Cendant's existing and ongoing relationship with so many consumers enables them to leverage their other businesses by cross-selling new goods and services to their existing customer base.

So they sell you a house, they sell you insurance, they sell you a mortgage, they PROTECT the Realtor, they will sell you an Airline ticket (Cheap Tickets Inc.), they rent you a car, they sell you a hotel room, they sell you a PC game, they sell you computer software, and when you want some fun you can go to one of their casinos.This is all about Selling Product to Consumers.

The Real Estate Franchise Group of Cendant Corporation has taken unusual steps to set up the majority of their Realtors with Web pages activated at REALTOR.com.Cendant owns 16.9 percent ownership in Realtor.com's operator Homestore.com. Doesn’t this violate some sort of Anti-Trust law.

Does Realtor.com Pay Cendant for these leads, which translate as web traffic to them so they can sell more ads. I mean the Realtors are members of the National Association of Realtors but it seems that Cendant is even more powerful than the National Association of Realtors and that they get paid to send them leads. Which is to send them their Realtors that work in their Real Estate Companies, these agents get pages and than put YOU, the real estate consumers data on these pages to get more Traffic, people to Realtor.com so that they can sell them stuff.

Realtors don’t Get Internet Marketing, Cendant does, so they purchase web pages in bulk from Realtor.com for their agents to lead them to the water ( the internet marketing arena) and to help them to get up with the times. You don’t need that, you can do it better.

This System is REALLY, really big money and boy does it step on the Little Guy something awful.All this and Realtors, your Realtor is not allowed to discuss their commission with another Realtor or this Violates Anti-Trust laws but companies like Cendant can pretty much do what they want.

The System the Realtors are in is Not a Level Playing Field and is not set up to protect you, the real estate consumer.If you work outside this system, that offers you no protection than you win.

The internet is a level playing field unless you pay to be on a Mega-Site that one of these companies own. Build your own website, sell your own real estate online, put on your own photos and take back your real estate transaction.

Realtors, Discount – Flat Fee Realtors – None of them can sell your real estate as good as you and they oftentimes treat you badly along they way.

They treat you as if you have no choice but to use them, you do have a choice, you can refuse to by Realtor listed properties and you can refuse to List with a Realtor.What does all this mean to you?It means that if ANYONE, a Realtor or other, lies to you, misleads you or leaves out information and you need help to get your life back.

YOU have NO HOPE. This company, the Realtors Parent Company is So Big, So powerful and so filthy rich that they can keep you in court for the rest of your life. They are out to keep their Realtors in action, and to keep the consumer down. You buy and sell but they REALLY need the Realtor. You are not protected. And if you do have a problem they will keep you in court and in the discovery process for a VERY long time.

Talk About a Racket, there is Absolutely No Way for the Real Estate Consumer to be protected in the Real Estate Transaction and for years after.