Laugh Out Loud

August 30th, 2007 category: Buyers, Real Estate News, Real Estate Philosophy

I had a “laugh out loud” moment this morning, when perusing NYC and
Long Island, NY blog posts.

I happened upon a Corcoran blog, presented by a NYC agent, that offered
suggestions to buyers of real estate in New York (my amusement would have remained the same regardless of the source).
While this is a noble subject, it was rather like reading the solution for red
wine stains in the absence of red wine- with all due respect, there is only
way to provide integrity to the buying public, and words and advice just
DON’T CUT IT.
I am happy to enjoy ANY articles related to buyers in our state of New York, provided that it is offered by a buyer’s agent. In the absence of such a fiduciary, the rest is just an empty bottle, with an agenda that reeks of old time content.

The true measure of any commitment to a home buyer in the state of New York requires that the real estate community, whether it is on the East End of Long Island or in our fair city of New York, jump to the call of the consumer by offering FULL FIDUCIARY to the buying public.
It’s been appallingly absent, and shows little progress- while a few companies are jumping on board, the time that it has taken speaks volumes about the lack of real commitment to this consumer- the lifeblood of our tottering industry, and the heroes when the market is “hot”.
Perhaps my sensitivity chip is too vulnerable- the ongoing agency performed for the seller (except- oops- no mls, either in SOME areas) by both real estate parties involved is…overly sensitive? Insulting a buying public who has been tossed (as a second class citizen) into the cellar of real estate by offering “tips” is ludicrous. You didn’t care that their interests had been largely ignored last week; you don’t care now, or you’d be offering up some FIDUCIARY to this critical contingent.
The “stain” of your reluctance is going to be acknowledged by the public in increasing numbers, and there will be no quick-fix solution for you at that point- more empty blogs, perhaps?

This is not new. This “buyer agency” thing has been around for YEARS. If you represent the seller while working with a buyer of property in New York City or areas without buyer agency, there is absolutely NO CREDIBILITY. NONE.

Laughable, but not surprising- with a general misunderstanding across the board with respect to fiduciary, what’s one more empty bottle?

Just another opinion of Options Realty, REPRESENTING BUYERS ON THE NORTH FORK OF LONG ISLAND, with a full comprehension of FIDUCIARY. The North Fork of Long Island- a paradise!

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This entry was posted on Thursday, August 30th, 2007 at 9:26 pm and is filed under Buyers, Real Estate News, Real Estate Philosophy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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