{"id":702,"date":"2006-11-28T11:23:45","date_gmt":"2006-11-28T18:23:45","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=702"},"modified":"2006-11-28T12:20:45","modified_gmt":"2006-11-28T19:20:45","slug":"more-on-jay-reiferts-crusade-to-give-buyers-control-over-procuring-cause","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/702\/more-on-jay-reiferts-crusade-to-give-buyers-control-over-procuring-cause\/","title":{"rendered":"More on Jay Reifert’s crusade to give buyers control over procuring cause"},"content":{"rendered":"

In his comments on Russell Shaw’s article, Jay Reifert Is Tired of NAR Hiding the Truth<\/i><\/a>, Jay Reifert warns us early on that he is<\/p>\n

spoiling to get this fight into the public eye<\/p><\/blockquote>\n

I suspect this may be driving his over-the-top diatribe. Too bad, because I think he makes a valid point that the practice of acknowledging procurring cause is not (always) in the client’s<\/i> best interest. And in states like Arizona, agency is all about<\/i> the client’s interest, which comes first<\/i>, even ahead of the agent’s self interest.<\/p>\n

Jay describes a situation that really does happen, way too often:<\/p>\n

Buyers, though, are screwed over by Procuring Cause, PC, all the time. Here’s how it works: They go out looking at homes,willy nilly, not having any idea that they are creating bligations to any licensees. (The Secret Contract.) They find a house. Then, they begin researching their next steps.As part of their research, they discover buyer agency. Then,they start interviewing buyer agents. Then, they discover that the buyer agents are afraid to touch them, because they have already seen the home they think they want to pursue and the buyer agent doesn’t want to risk losing his\/her fee to another licensee who may file a Procuring Cause claim.Hence, the buyer-due to no fault on their own part, as PC has NEVER been disclosed to them-loses their right to representation. It happens all the time. Theft of buyer rights. It’s heinous.<\/p><\/blockquote>\n

I would absolutely love<\/i> it if home buyers always came armed with the type of agreement that Jay suggests, putting listing agents on notice that the buyer is represented. Lord knows I try to educate my own buying clients — I explain the benefit of always having me escort them even to new home builds and open houses, I explain the disadvantages to the client<\/i> that can be created if they don’t have me escort them, I give them a supply of my business cards, I even give them the American Dream Home Buyer’s Passport<\/a>. Still, I find myself running interference because my buyer client just happened to stop at an Open House she had Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In his comments on Russell Shaw’s article, Jay Reifert Is Tired of NAR Hiding the Truth, Jay Reifert warns us early on that he is spoiling to get this fight into the public eye I suspect this may be driving his over-the-top diatribe. Too bad, because I think he makes a valid point that the […]<\/p>\n","protected":false},"author":3,"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-702","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":691,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/691\/jay-reifert-is-tired-of-nar-hiding-the-truth\/","url_meta":{"origin":702,"position":0},"title":"Jay Reifert Is Tired Of NAR Hiding The Truth","author":"Russell Shaw","date":"November 27, 2006","format":false,"excerpt":"Good news, Jay, I'll take this one for $200.00. I doubt that Laurie Janik is going to respond to you (as - per you - they have \"something to hide\"): You're a riot, Steve. My contract is a proprietary document, built out of years worth of my research, experience and\u2026","rel":"","context":"In "Dual Agency"","block_context":{"text":"Dual Agency","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dual-agency\/"},"img":{"alt_text":"smilingdog","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2006\/11\/smilingdog.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/652\/saturday-morning-links\/","url_meta":{"origin":702,"position":1},"title":"Saturday morning links . . .","author":"Greg Swann","date":"November 18, 2006","format":false,"excerpt":"Todd Tarson goes flat fee for buyers. I'll be interested to hear how this flies in the high desert. Inlookers, Mohave County, where Todd works, is boom country. The new bridge over the Colorado is expected to turn the SR-93 corridor from Kingman to the river into bedroom communities for\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":559,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/559\/the-divorced-commission-and-the-mls-building-a-much-better-home-search-tool\/","url_meta":{"origin":702,"position":2},"title":"The Divorced Commission and the MLS: Building a much better home search tool . . .","author":"Greg Swann","date":"October 20, 2006","format":false,"excerpt":"Okay, carrying on from the idea of the Divorced Commission -- a condition whereby, by some means, the buyer's broker's compensation has been divorced from the listing agreement -- what are the implications for the Multiple Listings Service model of propagating real estate listings? As we are seeing, divorcing the\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":69,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/69\/lets-go-get-sued\/","url_meta":{"origin":702,"position":3},"title":"Let’s go get sued . . .","author":"Greg Swann","date":"June 30, 2006","format":false,"excerpt":"In a comment below, Jon offers this:What are you talking about? Lawsuits against emongoo, zillow and refin? None of them are doing anything wrong...sorry to say. I looked at emongoo, zillow and redfins sites and I don't see anywhere where they say they give legal advice.First, I only cited legal\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":4197,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4197\/the-kids-really-are-different\/","url_meta":{"origin":702,"position":4},"title":"The Kids Really Are Different…","author":"John Rowles","date":"September 4, 2008","format":false,"excerpt":"There is so much pop-demographic-driven hype about Gen X, Gen Y and the \"Millennials\" (I saw that movie...cartoon family in red suits, right?) in the RE Blogosphere that it has become a bit of a clich\u00e9. It makes sense: The industry is dominated by Boomers, and if you are a\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":236,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/236\/how-to-exterminate-a-cowbird-a-comedy-in-three-acts\/","url_meta":{"origin":702,"position":5},"title":"How to exterminate a cowbird — a comedy in three acts . . .","author":"Greg Swann","date":"August 23, 2006","format":false,"excerpt":"Act I -- Why Realtors hate discount listings... People think ordinary on-the-ground Realtors hate discount listings because of the discount. That's may be true of many real estate brokers, but real-life Realtors have two much better reasons to hate discount listings. First, the Buyer's Agent will have to do all\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/702","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=702"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/702\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}