{"id":258,"date":"2006-08-28T06:58:00","date_gmt":"2006-08-28T13:58:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=258"},"modified":"2006-08-28T15:15:39","modified_gmt":"2006-08-28T22:15:39","slug":"sleaze-versus-sleaze-we-didnt-get-this-awful-reputation-by-accident","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/258\/sleaze-versus-sleaze-we-didnt-get-this-awful-reputation-by-accident\/","title":{"rendered":"Sleaze versus sleaze: We didn’t get this awful reputation by accident . . ."},"content":{"rendered":"

Give a glance to these excerpts from this article in today’s Arizona Republic<\/i><\/a>. There will be a quiz at the end.<\/p>\n

Sleaze:<\/p>\n

Home builders are spending big bucks and dishing out heaping helpings of hospitality during what has become the summer of love in the Phoenix new-home market.<\/p>\n

The objects of their affection? The real estate agents they spurned during last year’s housing boom.<\/p>\n

The wooing has agents sipping wine and tossing down hors d’oeuvres in Buckeye, networking to live music in Chandler, munching free sandwiches in Florence and cashing fat commission checks.<\/p>\n

It was a different world in Phoenix housing last year at the peak of the boom. With buyers camping out at subdivisions, builders didn’t need agents to bring them prospects. Builders, looking to maximize their profits, cut agents’ commissions or started paying flat fees, if they paid any fees at all.<\/p>\n

That angered a lot of agents, who felt that builders were abusing the long-standing relationship between the people who sell homes and those who build them.<\/p>\n

But the tables have turned. Demand has evaporated, and builders are trying to get cozy with agents again, throwing parties and offering big fees – commissions of 4 to 5 percent – for selling houses fast. The typical commission is 3 percent.<\/p><\/blockquote>\n

Versus sleaze:<\/p>\n

Yet some agents are steering clear of new subdivisions unless clients ask to see homes there. It’s payback, they say, for builders who got greedy in a runaway market in which builders raised prices with impunity and slashed commissions. Money and parties may not be enough to restore the relationship.<\/p><\/blockquote>\n

And more sleaze:<\/p>\n

It’s unclear whether builders will be able to mend fences with agents. Some agents note that there are more reasons than leftover bad vibes to show resale, rather than new, houses.<\/p>\n

Builders pay their co-broke percentage on the base price of the house, before the buyer adds the thousands of dollars in options that typically go into a new home. Also, agents don’t receive their commission on the new home until the sale closes. Valley construction times are running six months, often longer. Resale deals close faster and the house is fully valued, at least by Read more<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Give a glance to these excerpts from this article in today’s Arizona Republic. There will be a quiz at the end. Sleaze: Home builders are spending big bucks and dishing out heaping helpings of hospitality during what has become the summer of love in the Phoenix new-home market. The objects of their affection? The real […]<\/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":[6,5],"tags":[],"class_list":{"0":"post-258","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":17031,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17031\/if-youre-an-ordinary-salesmonster-and-you-rook-some-sucker-into-a-raw-deal-youre-just-a-sleaze-but-if-you-are-fiduciary\/","url_meta":{"origin":258,"position":0},"title":"If you\u2019re an ordinary salesmonster and you rook some sucker into a raw deal, you\u2019re just a sleaze. But if you are fiduciary…","author":"Greg Swann","date":"September 16, 2020","format":false,"excerpt":"Me, this morning, at LinkedIn: The words that are going to matter, when all this #iBuyer nonsense all blows up, are: \u201cAgency with an interest.\u201d Real estate brokers are fiduciary. They are obliged as agents to put the interests of their clients ahead of all others \u2013 including their own.\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/09\/steve-harrris-aTuAKskNy7Y-unsplash-320x480.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":17060,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17060\/overnight-news-mocking-redfin-about-the-dystemperors-new-unriots-is-funny-until-you-think-about-what-our-studied-negligence-is-doing-to-the-black-middle-class\/","url_meta":{"origin":258,"position":1},"title":"Overnight News: Mocking Redfin about The Dystemperor\u2019s New Unriots is funny \u2013 until you think about what our studied negligence is doing to the black middle\u00a0class.","author":"Greg Swann","date":"September 19, 2020","format":false,"excerpt":"As I noted yesterday, these are not just riots we are seeing across the country, they are carefully-mismanaged riots. Where the police department is allowed to function according to well-understood crowd-control theory, there are no riots. Cf., e.g., Detroit. As with acknowledging the riots themselves, taking note of this deliberate\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":651,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/651\/the-headline-buried-in-the-news-real-estate-agents-are-as-safe-as-houses\/","url_meta":{"origin":258,"position":2},"title":"The headline buried in the “news”: Real estate agents are as safe as houses!","author":"Greg Swann","date":"November 18, 2006","format":false,"excerpt":"It's Saturday, and you know what that means. If the Arizona Republic doesn't piss all over the real estate business, someone might accidentally go out and buy a house. Here's the scoop:Complaints against real estate agents are on the rise, with consumers accusing them of everything from selling property without\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":18128,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18128\/overnight-news-the-secret-to-zillows-flavor-of-ibuying-sucking-at-real-estate-helps-them-sucker-real-estate-agents-which-is-where-the-real-money-is\/","url_meta":{"origin":258,"position":3},"title":"Overnight News: The secret to Zillow\u2019s flavor of iBuying? Sucking at real estate helps them sucker real estate\u00a0agents \u2013 which is where the real money\u00a0is.","author":"Greg Swann","date":"May 10, 2021","format":false,"excerpt":"I wrote the other day about Zillow's losses on its iBuyer \"investments\" \u2013 incomprehensible losses considering that this is one of the few times when it is possible to make money on non-producing real estate. The losses on iBuyer \"investments\" can be stupefying from the point of view of any\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","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":5,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5\/sky-falls-as-predicted-none-injured\/","url_meta":{"origin":258,"position":4},"title":"Sky falls as predicted, none injured","author":"Odysseus","date":"November 11, 2005","format":false,"excerpt":"As has been persistently predicted for more than 18 months, the sky has at last fallen in the Phoenix real estate market. This per the Arizona Republic. The median price for residential housing actually went down by one percentage point in October, the first time this has happened since December\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":627,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/627\/excessive-buyers-agents-commissions-at-new-builds-killer-deals-often-come-with-payoff\/","url_meta":{"origin":258,"position":5},"title":"Excessive buyer’s agent’s commissions at new builds: “Killer deals often come with payoff . . . “","author":"Greg Swann","date":"November 10, 2006","format":false,"excerpt":"This is my column from today's Arizona Republic (permanent link). I don't write the headlines, and I don't think this one is terribly representative of the article, but it is what it is. I asked the paper to change the attribution to use BloodhoundBlog's web address rather than my phone\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/258","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=258"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/258\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}