{"id":216,"date":"2006-08-16T17:34:15","date_gmt":"2006-08-17T00:34:15","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=216"},"modified":"2007-05-13T20:17:14","modified_gmt":"2007-05-14T03:17:14","slug":"there-is-a-case-to-be-made-for-experience","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/216\/there-is-a-case-to-be-made-for-experience\/","title":{"rendered":"There is a case to be made for experience . . ."},"content":{"rendered":"

This bit from RedFin<\/a> (tipped by FoREM<\/a>) reads to me like a dual agency<\/a> lawsuit<\/a> waiting to happen.<\/p>\n

Why?<\/p>\n

Because RedFin is paying an extra incentive for its buyer clients to purchase a home from its seller client before the seller’s home is MLS-listed. RedFin would surely argue that no agency has been created, but in fact what they have is a pocket listing — an exclusive — and they are representing the seller as soon as they seller decides they are. I’m not crazy about the idea of implied agency, but that’s almost certainly the way the gavel will drop if this comes before a judge.<\/p>\n

What would be the seller’s beef? By inducing him to sell without putting his home to the full test of the marketplace, by means of an MLS listing, RedFin may be cheating him of proceeds his home might have earned for him. An exclusive listing sold in-house stinks to high heaven — and if it smells bad to a jury, it doesn’t matter how it smells to anyone else.<\/p>\n

Say what you will about Help-U-Sell, Assist-2-Sell and all the other limited-service brokerages, at least they have experience in the real estate<\/i> business…
\n<\/p>\n

Technorati Tags: blogging<\/a>, disintermediation<\/a>, dual agency<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

This bit from RedFin (tipped by FoREM) reads to me like a dual agency lawsuit waiting to happen. Why? Because RedFin is paying an extra incentive for its buyer clients to purchase a home from its seller client before the seller’s home is MLS-listed. RedFin would surely argue that no agency has been created, but […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4,6,5,27],"tags":[],"class_list":{"0":"post-216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-blogging","7":"category-disintermediation","8":"category-marketing","9":"category-real-estate","10":"category-redfincom","12":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1251,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1251\/redfincoms-real-estate-consumers-bill-of-rights-a-wolf-in-sheepskin-clothing\/","url_meta":{"origin":216,"position":0},"title":"Redfin.com’s Real Estate Consumer’s Bill of Rights: A wolf in sheepskin clothing . . .","author":"Greg Swann","date":"April 2, 2007","format":false,"excerpt":"I am a hardliner on the subject of reform in the real estate industry. Over the last nine months, I have written at great length about, among other things, the skill-set required to survive in the future of full-service real estate, empowering buyers, dual agency, how the NAR makes war\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1083,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1083\/thinking-skeptically-to-rain-on-redfincoms-parade\/","url_meta":{"origin":216,"position":1},"title":"Thinking skeptically to rain on Redfin.com’s parade . . .","author":"Greg Swann","date":"February 26, 2007","format":false,"excerpt":"I'm not a Jesuit, but I play one on BloodhoundBlog. The real truth is, I'm a roll-your-own Jesuit, more auto-didact than anything. I didn't have Brian Brady's inestimable advantage of having had the gift of reason literally pounded into me. Instead, I had to stuff it between my own ears\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1396,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1396\/a-case-by-case-for-and-against-dual-agency\/","url_meta":{"origin":216,"position":2},"title":"A Case (by Case) For and Against Dual Agency","author":"Kris Berg","date":"May 8, 2007","format":false,"excerpt":"Trevor Smith's answer to Dual Agency? Let the buyer represent himself, and give him the commission regularly paid to the Buyer's Agent. (Granted, this would still leave the buyer relatively unprotected, but at least if something goes bad, its his own fault and not the agents). Your obvious question is,\u2026","rel":"","context":"In "Dual Agency"","block_context":{"text":"Dual Agency","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dual-agency\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1660,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1660\/greg-swann-joins-redfin-kelman-rejoicing\/","url_meta":{"origin":216,"position":3},"title":"Greg Swann Joins Redfin – Kelman Rejoicing!","author":"Russell Shaw","date":"July 15, 2007","format":false,"excerpt":"Greg Swann has joined Glen Kelman in the way they both think and talk about the amount of commission, the splits and how it can be divided and allocated. There isn't some \"set commission amount\" for groups and companies to \"divide for the public\". This kind of thinking is one\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17038,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17038\/overnight-news-redfin-why-isnt-this-historic-sellers-market-holding-back-buyers-ctrl-f-riot-not-found\/","url_meta":{"origin":216,"position":4},"title":"Overnight News: Redfin: \u201cWhy isn\u2019t this historic seller\u2019s market holding back buyers?\u201d CTRL-F \u2018riot\u2019; not found.","author":"Greg Swann","date":"September 17, 2020","format":false,"excerpt":"Housing Wire: Fed says expect low rates through 2023. Much better crystal ball than the one we have... Forbes: Will The Latest Stimulus Proposal Stop A Potential Housing Crisis In 2021? Redfin: Home Prices Rose 11% in August\u2014Biggest Gain in Over 6 Years. Housing Wire: More young adults live at\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":332,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/332\/bedtime-links-lawyer-free-real-estate-zillowing-redfin-dancing-with-the-dinosaurs-the-map-to-mash-up-excellence-and-memorable-truths-about-real-estate-20\/","url_meta":{"origin":216,"position":5},"title":"Bedtime links: Lawyer-free real estate, Zillowing Redfin, dancing with the dinosaurs, the map to mash-up excellence and memorable truths about Real Estate 2.0 . . .","author":"Greg Swann","date":"September 13, 2006","format":false,"excerpt":"Christine gives a nice run-down of seller-only agency as it is practiced in New York State. This is not very far from the way things used to be done in Arizona, except that, because of Article 26 to the state constitution, lawyers are not required to effect the transfer of\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=216"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/216\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}