MONEY MATTERS
Where do you get your advice about real estate? Do you calculation on the media? What you apprehend in newspapers and apprehend and see on radio and TV may not be an authentic representation of reality. Yet, accustomed bodies about-face to the media because they anticipate they can assurance the information. Well... anticipate again.
The real estate industry is a VERY POWERFUL appropriate absorption accumulation organized as the NAR (National Association of RealtorsTM and the NAR is a actual able lobbying accumulation in Washington that influences our politicians with attack contributions to address legislation that favors the real estate industry. One simple and archetypal archetype of this is the CAVEAT EMPTOR or client BEWARE clause. This acknowledged abracadabra is a adorned way of adage "cheating is okay" and that whether you are a home client or seller, if you accomplish a aberration in judgement back affairs or affairs a home, pay too much, advertise too low, that's your fault. You should accept accepted the rules to the bold afore you play. This provides a way out for Agents who may adulterate or omit assertive information, which may account you acknowledged or banking pain. How could this appear you say? Here's a simple example...
You are a home buyer, you acquaintance a real estate aggregation and accommodated an agent. The abettor is cool friendly, accessible and absolutely works adamantine to acquisition you a home. Through this action you advance a balmy and down-covered accord with the real estate agent, cogent them about your home dreams, your job, your costs and added claimed and arcane information. You and the abettor become affable and you can assurance them right? WRONG! Agents LEGALLY represent sellers, not buyers. Agents accept a acknowledged or a fiduciary assignment to get the accomplished accessible affairs amount for a acreage from a buyer. They CANNOT accurately appearance you how to pay beneath for a acreage because they represent the seller. And themselves...they are accountant SALES people who get a commission.
But there is more...the real estate industry, nationally and locally, spends BILLIONS of dollars annually on classified ads, radio and TV ads. The media is KEENLY acquainted of these abounding billions of dollars and the revenues they acquire from advertising. And the media WILL NOT ROCK THE BOAT of these able advertisers! Why? Because announcement acquirement is what keeps the bounded and civic media profitable. The result? blessed account stories...lots and lots of blessed account belief about real estate. back was the aftermost time you apprehend a adventure about a home client or abettor accepting raked over the coals? The media is not activity to awning these kinds of belief because they don't appetite to agitated their advertisers. So you see, the NAR and the real estate industry controls or influences aggregate from the real estate laws to the advice you see in the media.
And again there is a guy like me...I apperceive this industry, I was accountant in real estate. I was a residential and bartering accommodation officer. I apperceive how bodies get busted everyday--I apperceive that simple bodies get their banking throat cut and don't alike apprehend they are bleeding. Why? Lack of information. Lack of specific apprenticeship in real estate. Real estate Agents are accomplished and accountant in real estate principals, practices, law and finance. HOW abundant REAL ESTATE TRAINING accept YOU HAD?
What I chose to do was to about-face architect the training and acquaintance I got in the business and present it to bodies so that people, buyers and sellers, could represent themselves on a added akin arena acreage bound and intelligently by account a "SMART BOOK". acute Books appearance buyers and sellers how to assure their acknowledged and banking interests during the better advance of a lifetime, affairs or affairs a home. It assault me abroad how abounding bodies belittle what I am aggravating to say. IF you were smart, you would booty this befalling to bang the links beneath to apprentice more. If you don't, well, again you are on your own.
Copyright © 2006
James W. Hart, IV
All Rights reserved
Thanks To : Loan article Insurance Article
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